Employment

This nearly 25% cut in the Israel office of the payment services giant is part of a global streamlining process.

IDF officers have an average retirement age of 45 and receive an average monthly pension of NIS 20,019, according to the latest security forces wage report.

Workers from abroad have taken the place of Palestinians but employers are not always providing the housing conditions and other services the law requires, while government enforcement is lacking.

The average wage has risen 7% over the past year but lower participation of young people in the workforce is pushing up the average, some experts say.

According to data from the Shoresh Institute, about 28% of men and about 15% of women over the age of 65 continue to work.

The Ministry of Finance wants the unemployed, students and yeshiva students to pay more but that won’t cover an annual deficit expected to swell to NIS 18 billion by 2030 and NIS 48 billion by 2050.

The average monthly wage in Israel in June 2026 was NIS 15,223, up 7.7% from June 2025.

monday.com, Wix and Fiverr are among Israeli companies that have imposed deep cuts after seeing their stocks plunge.

The Israeli work operating systems company is laying off 20% of its workforce, including 350 employees in Tel Aviv.

The Israeli company, which provides systems for automatically creating short highlight clips of matches and distributing them to social media, will dismiss 10% of employees.

The German company will implement layoffs in Jerusalem and Rehovot.

“Globes” has learned that the company is laying off 27% of employees at its Israel development center.

MyHeritage currently has 500 employees in Israel, the US and Europe.

The Israeli Employment Service says that since 2023, the number of job seekers with five to eight years of experience in the tech sector has risen 138% and insists AI is not to blame.

A study by the Israel Growth Forum has found that Israeli tech employees are the most expensive in the world due to the strengthening of the shekel.

The veteran cybersecurity company is embarking on its fourth round of layoffs.

The Tel Aviv-based company is laying off 200 of its 500 employees.

600 employees will lose their jobs while an additional 300 employees will be transferred to the US company’s production line in Tefen for jet engine blades.

Teva had been in talks to sell its active pharmaceutical ingredients activity but a deal never materialized.

Between 2013 and 2023 there was a decline in the proportion of employees with high psychometric scores who joined the public sector, the Ministry of Finance Commissioner of Wages has found.

34,454 tech employees lost their jobs over the past month in Israel. Companies are blaming AI and the strength of the shekel against the weakening US dollar, but that’s not the full picture.

The Israeli technology company will cut 10% of its workforce worldwide including hundreds in Israel, “Globes has learned.”

In confirming that the company is laying off 20% of employees, Avishai Abrahami wrote, “A very meaningful portion of our costs are shekel-denominated, while our revenue is largely dollar-denominated.”

The Israeli company, which has developed an enterprise data security platform, says it is fully embracing the changes brought about by AI.

20% of the workforce in Israel, will be transferred to new jobs in teams dealing with the development of AI, “Globes” has learned.

The Israeli company will continue to develop optimization solutions for agents based on the Maestro system and discontinue sale of the language models themselves.

The compensation package for Israeli employees is expected to be similar to the US compensation package, subject to the adjustments required by local law.

The Israeli advertising company is laying off about 100 of its 2,000 employees in Israel, New York and South America.

The Israeli company is shifting emphasis from research and infrastructure to revenue-generating products.

In March’s salary, many employees in Israel are receiving higher net pay.