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High-tech layoffs: 600 fired from two companies due to the closing of their R&D centers
156 Views Details

by Ifi Reporter

Category: Hitech

The trend of layoffs and downsizing in high-tech in Israel continues, even though to date, in the last three months, about three thousand workers have been laid off. It should be noted that there are still more than thirteen thousand jobs in the field of software for developers in the economy. Marketing workers are in a more difficult situation. On Sunday, two companies announced the layoffs of about six hundred workers. AID GENOMICS, an international company in the field of diagnostics from Singapore, which has a development center and extensive operations in Israel, announces the exit...

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Jul 24, 2022

Average mortgage amount given by the banks to the public decreased in June by 0.7% to NIS 988,000
332 Views Details

by Ifi Reporter

Category: Real Estate

The average mortgage amount given by the banks to the public decreased in June by about 0.7%, to NIS 988,000 compared to NIS 995,000 in May of this year. In June, banks made 12,024 mortgages and marketed a total of 11.9 billion shekels - according to data published by the Bank of Israel. The decrease in the average mortgage amount occurs at the same time as the decrease in apartment sales and the stagnation in the increase in the volume of mortgages in recent months, after the record recorded in March of this year - NIS 13.4 billion. The decrease in the amount of the mortgage does not...

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Jul 25, 2022

P.M Lapid and Economy Minister Barbivai agreed on a more moderate increase in the Bread price
159 Views Details

by Ifi Reporter

Category: Financial

Prime Minister Yair Lapid and Economy Minister Orna Barbibai announced on Monday evening that they had agreed on a more moderate and gradual increase in the price of bread. The price of the uniform sliced ​​bread will increase by 5.5% instead of 11% as previously planned. The price of challah will increase by 8% instead of 21% and the price of flat bread will increase by 5% instead of 36%. Another increase in price will take place in the month of December, when the price of the uniform sliced ​​bread and the price of challah will increase as determined by the price committee, while the...

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Jul 25, 2022

All Bank Hapoalim branches will be shut down tomorrow  in protest of customers violence
896 Views Details

by Ifi Reporter

Category: Financial

Sanctions on one of the two largest banks in Israel. All Bank Hapoalim branches across the country will be shut down tomorrow until 11:00 a.m. in protest of the violence and burdens faced by the workers, according to the workers' organization. Therefore, there will be no public reception tomorrow (Wednesday) and no telephone answers will be given until 11:00 at all bank branches, counseling centers, and the call center. The unionized workers in the Histadrut have not declared a labor dispute so far and claimed in a conversation with Ynet that these are protest measures that do not require...

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Jul 26, 2022

The crisis in high-tech: Fiverr and Outbrain are laying off about a hundred employees
100 Views Details

by Ifi Reporter

Category: Hitech

After a long series of cuts in the startup companies and the unicorns, it is the turn of the public high-tech companies. The Fiverr company, which was considered one of the most successful Israeli IPOs of recent years, informed its employees of the layoff of 60 employees, half of them in Israel. Fiverr developed a platform to connect freelancers with organizations and enjoyed a tremendous boom during the Corona period which led to the recruitment of many employees to meet the load of demand

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Jul 27, 2022

The price of electricity will increase this Monday at a rate of 8.6% - 1% less than predicted
95 Views Details

by Ifi Reporter

Category: Financial

The price of electricity will increase this Monday at a rate of 8.6%, one percent less than the original decision of the Electricity Authority. This means that the price of electricity will increase on average for a family in two months by about 86 shekels, which is 43 shekels per month and more than 500 shekels per year. The Electricity Authority announced the final price on Wednesday evening after holding an oral hearing procedure for the main parties who challenged the decision to raise the price of electricity at such a high rate, led by the Association of Manufacturers, whose leaders...

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Jul 27, 2022

Fight against cost of living:  dozens demonstrated against the price increases and demanded a stop
126 Views Details

by Ifi Reporter

Category: Financial

Continuing the fight against the cost of living: many dozens demonstrated at noon in front of the house of diplomat CEO Noam Weiman in jubilation, with the aim of protesting the cost of living and demanding to prevent further price increases. This is a demonstration that is the first swallow of going out into the field and a wake-up call to the food and marketing companies that the public has woken up and is not ready to pay more for the price of pigs. The representatives of the Histadrut, activists and ordinary citizens participate in the demonstration. The activists called for the...

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Jul 29, 2022

Israeli Enterprise video solutions Kaltura: We have received a purchase offer for $383 million
113 Views Details

by Ifi Reporter

Category: Financial

Enterprise video solutions company Kaltura reports that it has received a purchase offer at a value of $383 million, a 27% premium over the last closing price on Wall Street. The potential buyer is a competitor of Kaltura called Panopto, which already at the beginning of June announced its intention to buy Kaltura. Earlier this month, it already put a concrete offer on the table, but Kaltura for its part only disclosed the contacts now, when the offer was improved, and more importantly - when Panopto's partner in the move, the K1 Foundation, became an interested party in Kaltura and left...

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Jul 29, 2022

Apple is opening in Israel it's 3r R&D center - In Jerusalem and started recruiting engineers
99 Views Details

by Ifi Reporter

Category: Hitech

Apple is opening a new development center in Jerusalem, whose employees will join approximately 2,000 employees in the company's development centers in Herzliya and Haifa. Apple employees in the development centers in Herzliya and Haifa develop hardware and software technologies for most of the company's products. They were involved, among other things, in the development of the M1 and M2 processor series of the Mac computers. This will be the US tech giant's third center in Israel after Herzliya and Haifa. While most tech giants announce the opening of new development centers through...

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Jul 29, 2022

Midnight: The price of fuel will drop sharply by by NIS 1.5 to a maximum of NIS 6.58 per liter
236 Views Details

by Ifi Reporter

Category: Financial

After six consecutive months of increases, fuel prices will drop sharply tonight at midnight - according to the Ministry of Energy announcement. The decrease is recorded following the drop in oil prices in the world in the last month, and after last week the Ministry of Finance published an order that expands the reduction of the excise tax on fuel to NIS per liter. The order that reserves the reduction of the excise tax on fuel will be in effect until the end of the month, after which it will be possible to extend it

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Jul 31, 2022

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