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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

The Dairy Council has filed a petition with the High Court challenging the recent decision made by Finance Minister Bezalel Smotrich to cancel the duty on milk imports for a period of three months. The Council is seeking an injunction against the move or, alternatively, an urgent discussion on the issue of canceling the duty on milk, which would allow for the import of milk into Israel for the first time

About two weeks ago, Tesla registered a wholly-owned subsidiary called "Tesla Motor Israel". The reason for listing the company is probably the vehicle import regulations in Israel, which require a car importer to be a company, registered in Israel. According to the Companies Registrar, the Company's description is "Import, Distribution, Sale, Maintenance and Repair of Electric Vehicles and Stationary Energy Storage Equipment Systems, Energy Production Equipment, including Solar Panels, Solar Energy Systems, and / or Other Solar Energy Conversion Systems, and General All other energy...

The wave of layoffs in the economy is expanding. High-tech companies are not the only ones that are laying off workers, and it turns out that other companies on the fringes of technology are also parting ways with hundreds of workers. The Bezeq management signed a collective agreement with the representation of the 3,000 employees of the subsidiaries Pelephone and Bezeq International - the parties announced. Along with enshrining various benefits for employees, including general wage increases and unique wage increases for low wage earners, it was agreed that within the framework of the...

SAP announced the launch of its first SAP.iO Foundry for Tel Aviv. The Tel Aviv location is designed to help and support early stage business-to-business (B2B) startups build innovative software and deliver high value for SAP customers. The 12-week startup accelerator program commences in July 2019 and will comprise of up to 10 start-ups focused on deep technology and the intelligent enterprise to deliver incremental value to SAP’s customers. The official announcement was made on the main stage at OurCrowd Summit 2019, Jerusalem, by Ram Jambunathan, senior vice president and managing...

The demonstrations against the legal revolution led by Prime Minister Benjamin Netanyahu and Justice Minister Yariv Levin continued this evening (Saturday) in the shadow of the attacks that took place during Shabbat in Jerusalem. About 40,000 people came to the centers of the demonstrations in Tel Aviv, in Haifa about 13,000 participated in one of the largest demonstrations ever held in the city, and large demonstrations were also held in a number of other cities

In the recently released Corruption Perception Index (CPI) for the year 2023, Israel has experienced a notable drop, falling to 33rd place with a score of 62. This comes after a positive shift in 2022, where Israel climbed five places with a score of 63, compared to the lowest score of 59 in 2021

Minister of Economy and Industry Eli Cohen and Minister of Economy and Digitalization of Austria, Dr. Margaret Schrambeck, signed today with Austrian President Dr. Alexander Van Der Bellen and Austrian Minister of Education Dr. Heinz Fasmann ), a Memorandum of Understanding to promote the creative economy, which is the first of its kind to develop an additional path of innovation for the growth of the Israeli economy