Tag: layoffs
Intel Announces More Layoffs, Including in Israel
Intel has declined to announce exactly how many employees it plans to let go, but according to multiple reports, thousands of workers will lose their jobs beginning in June, including in Israel.
Amazon Announces 9,000 More Layoffs
The announcement follows one last week by Facebook and Instagram parent Meta, which said the company planned to lay off an additional 10,000 workers over the next two months.
Meta Plans Another Round of Layoffs
Meta has been asking its directors and vice presidents to compile lists of those workers that can be laid off.
More Layoffs: Silicon Valley Bank’s Israeli Branch is Closing
The CEO of the SVB Israel branch, David Cohen, posted a farewell message Saturday on LinkedIn.
Report: Meta Planning Thousands More Layoffs
Some 13 percent of the company's workforce was laid off last fall as the high-tech sector begins to crash.
More Israeli High-Tech Layoffs on the Way
Dozens of firms in the Israeli high-tech sector have trimmed their staffs and tightened their belts since the start of 2023.
Google’s Israeli Employees Told ‘No Decision Yet Made’ on Who Will Get the Axe
In its email, management told Google employees that its plans to make the layoff process as brief as possible. “Please try to support one another,” the email said.
Google Announces 12,000 Layoffs
Severance packages for Google workers in the US include 16 weeks of salary, their 2022 bonus, paid vacations, and six months of health coverage.
Thousands to be Laid Off at Microsoft
All teams and geographies will be affected by the layoffs, but sales and marketing will be hit harder than engineering.
‘Bloodbath’ Expected Wednesday at Goldman Sachs
Goldman Sachs employed more than 49,000 people worldwide as of September 30.
Goldman Sachs to Cut Hundreds of Jobs
Goldman Sachs already slashed 500 positions this past September.
Sodastream Lays Off 120 Employees
The company, which was purchased in 2018 by the international PepsiCo corporation, employs a total of 2,900 people in Israel.
Isracard to Cut 12% of its Workforce
Isracard CEO Ran Oz: "We need to make the company more flexible, efficient and focused."
Amazon to Lay Off 10,000 Employees
Last week, Meta (Facebook) announced similar cutbacks, with layoffs planned for more than 13 percent of its staff – more than 11,000 employees.
Twitter Delays $8 ‘Twitter Blue’ Premium Service Till After Election Day
The move comes as the company begins the arduous process of asking some of the 3,700 workers who were terminated in last Friday’s massive layoff to return to their jobs.
Israel’s High-Tech Sector Slashing Jobs
More than 500 high-tech employees were laid off on Sunday, 400 of them at the R&D center for Aid Genomics and 120 at Asurion's R&D center.
Breaking News: Teva to Lay Off 1750 Employees in Israel; 14,000 Worldwide
CEO Kåre Schultz his restructuring plan would restore the company’s financial security and stabilize its business.
Labor Federation Calls General Strike Over Teva Layoffs
The strike announcement followed reports that the company will announce as many as 3200 layoffs tomorrow.
Giant Chipmaker Intel Starts Israeli Layoffs
Some blame Intel's management's failure to steer the ship right for the massive, painful layoffs.