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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

The aerospace industry will take part for the first time in the world air exhibition that will be held in Bahrain. At the prestigious exhibition, which will be held between November 9 and 11, IAI will present its range of developments that reflect the forefront of technology, including products for civil aviation, radars, air defense systems, coastal defense and defense systems using drones. The advanced systems of the aerospace industry will be displayed in the impressive pavilion that the company will build, which will mark 70 years of expertise and innovation. This is the first time an...

On Thursday, Prime Minister Yair Lapid will bring to the government's approval a horizontal cut in the state budget for 2023, in order to finance the salary agreement with the Teachers' Union - after it became clear that the agreement was illegal. The agreement was signed without finding a budgetary source to finance it, at a cost of NIS 4.5 billion per year

The unemployment rate decreased slightly in September, along with the typical decrease for the summer months and holidays in the employed rate. However, relative stability has recently been maintained in the field of unemployment in Israel and it continues to be low to a similar extent as it was on the eve of the Corona crisis. The data of the Central Bureau of Statistics (CBS) published on Monday shows that the basic unemployment rate in Israel, according to international definitions, reached 3.9% in September, which is 172.8 thousand unemployed - about 7,200 less than in August, when the...

The Orcam company founded by Amnon Shashua and Ziv Aviram is laying off 62 employees, most of them in Israel. The company, which was founded in 2010, distributed hearing letters before layoffs to 62 employees, who make up 16% of the company in Israel. The company did not respond. Recently, the company underwent a significant change when Amnon Shashua, one of the founders of the company, stepped down from the position of CEO and transferred the position to Elad Zarfati, who worked with him at Mobilay. Zarfati led a significant reorganization plan as part of a response to changes in world...