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Meta, the parent company of Facebook, confirmed on Wednesday that it intends to lay off about 11,000 employees (about 13% of the workforce). Even earlier, the Wall Street Journal published this morning that its founder and big boss, Mark Zuckerberg, told hundreds of her managers in a meeting he held with them that the layoffs would begin today. This is the largest mass of layoffs this year in the technology industry

At the end of three months of discussions, the National Planning and Construction Council announced that it had decided to immediately freeze dozens of urban renewal projects around the metro stations in the Gush Dan area, which include hundreds of apartments, and set restrictions on future projects at a distance of about 100 meters from the stations, which include a potential of tens of thousands New apartments. This, as part of the approval of the outline for the promotion of TMA 38 projects in the area of ​​TMA 70 - the national outline plan for the area of ​​the metro system in the Tel...

The struggle over the cost of living intensifies close to the establishment of a new government in Israel. Binyamin Netanyahu is making efforts to establish his government very quickly, but the marketing chains are not interested in fighting the angry public over the price increase. The question being asked now is whether the marketing chains are boycotting Unilever or is Unilever boycotting the chains? From the beginning of the month, Shufersal, Osher Ed, Bitan Wines, Yohannoff, Half Free, Victory and Rami Levy do not accept products from the European giant company that imports Dove, Sif,...

State President Yitzhak Herzog said on Monday in his speech at the 27th Climate Conference that "the Middle East is on the brink of disaster." At the conference, held this year in Sinai, Egypt, Herzog said that "Here in Sharm el-Sheikh, I would like to repeat the firm commitment of the State of Israel to zero carbon and to transition from fossil fuels to renewable energy by 2050. But Israel is ready to take on a much heavier responsibility. Israel is right to lead the effort for Regional climatic resilience. I intend to lead the development of what I call a 'renewable Middle East', a...

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

The Water Authority Board announced today (Thursday) that it is putting to a public hearing the increase in water rates for domestic consumption by approximately 3.5% starting in January 2023, among other things following a sharp increase in electricity prices and a 2% increase in the price index. This is alongside the increase in investments in the water sector in Israel. A final decision will be made in December. According to the proposal, the rate for a known quantity (the low rate) will be NIS 7.874 per cubic meter from January (instead of NIS 7.608 per cubic meter) and the rate for...

The rate of average wage increase in the economy is starting to accelerate. In August, the average wage in the economy for Israeli workers reached NIS 12,258 per month - a nominal increase of 4% compared to August 2021. For comparison, in July the rate of the wage increase was moderate and reached a level of 3.4% per year. This is according to the wage and income data in the economy published today (Thursday) by the Central Bureau of Statistics (CBS). The Central Bureau of Statistics today also publishes partial data regarding the forecast of the average salary in the economy in September,...

According to the election results as of this hour (Wednesday), only 2,459 votes separate the Netanyahu bloc from the Lapid bloc, while the right-wing parties led by the Likud currently win 65 mandates and the other parties only 55. It should be noted that the number is not final, and may change with the counting of the duplicate envelopes. The small numerical gap between the blocs compared to the apparent gap in the distribution of seats in the Knesset stems from the percentage of obstruction, and from the fact that the right-wing bloc was maximally organized, while the center-left bloc...

Winter time will begin tonight on October 30, 2022, Thursday in Sheshon Tashpag, the night between Saturday and Sunday. At 2:00 in the morning the hands must be moved back one hour to 1:00. With this, summer time will end, which lasts 219 days this year. Winter and summer time were determined according to the latest version of the "Time Law" from 1992, which was amended in 2013. The law states that "every year, during the period from the Friday before the last Sunday of March at 2:00 a.m. to the last Sunday of October at 2:00 a.m., the time in Israel will be advanced by one additional...

Pepper, the digital bank from Beit Leumi, received official approval from the Bank of Israel this weekend to allow its customers to trade in virtual currencies. The service, which was announced about six months ago, will be available to customers through the Pepper INVEST capital market trading application and is expected to be launched within the next month, when the waiting list for the service will open in the coming days. In addition, in the future the service is expected to be extended to Bank Leumi customers as well