Tag: recession

The majority of role eliminations are in Amazon Stores and PXT organizations, the company's e-commerce and human resources groups.

Powell: “I just don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not."

Isracard CEO Ran Oz: "We need to make the company more flexible, efficient and focused."

Microsoft, Google and Meta (Facebook) have all recently slowed or froze hiring in anticipation of a likely recession.

Last month inflation rose to 9.1 percent from 8.6 percent a month earlier, the highest rate since November 1981.

Although this is the sharpest decline in GDP ever in Israel, compared to the rest of the world the picture is less harsh.

Israel’s economy is expected to contract by 5.5 percent in 2020 for the first time in over two decades, but is expected to recover.

Fischer's strong shekel is destroying Israel's two main industries—manufacturing and agricultural exports and tourism—which are struggling to compete over global markets.