Articles

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 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...

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...

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

IDE Technologies won the tender for the construction of the seventh desalination plant in Israel, which will be located in the Western Galilee near Nahariya. IDE will build the plant and operate it for 25 years. The state will pay NIS 1.75 per cubic meter, a significantly lower price compared to previous tenders. The facility is expected to discharge approximately 100 million cubic meters of water per year, so the IDE Group's revenues from the facility are expected to reach nearly NIS 180 million per year. Another achievement in the tender is the installation of a pipeline several...

Veev, which develops innovative construction methods, is laying off more than 100 employees from its 400-strong workforce. At the development center in Israel, which employs 100 people, about 20 people will be laid off. Veev, founded by Ami Abrahami and Amit Heller, has developed capabilities for building modular homes. Veev's working method involves manufacturing complete and closed walls in the factory, so they pre-include systems such as plumbing and electricity. Assembling a house in the field takes about two weeks. The company stated in the past that they have all the necessary...

The volume of mortgages taken out by home buyers in October dropped by 21% compared to September - according to data published today (Sunday) by the Bank of Israel. The banks marketed mortgages amounting to only NIS 6.089 billion, compared to NIS 7.7 billion in September. Compared to October 2021, this is a decrease of 43%

Palo Alto Networks acquires Cider Security for $300 million in a cash and stock deal. The transaction amount also includes a retention package for employees that will ensure that they remain with the company after the acquisition. According to sources involved in the transaction, it will be carried out in a combination of shares and cash, with the cash component amounting to $200 million, and $100 million in shares. This is Palo Alto's eighth acquisition in Israel, and the most prominent of them is the acquisition of the Israeli startup Demisto - in a huge deal of 560 million dollars in...

The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars