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Cutbacks

19 stories about Cutbacks
משרד ריק הייטק עובדים נעלמים גוסטינג

Profits are at record highs, so why are tech companies laying off so many workers?

12.02.24|Omer Kabir
The technology giant Cisco is set to announce a restructuring move that will include layoffs of thousands of employees. And it is not the only one. Since the beginning of the year, 141 technology companies have laid off 34,300 employees, despite most of them displaying excellent financial results. So why are workers still being fired, even when all the data indicates that it's time to go back to hiring?
פיטורים בחברת גוגל

Unhappy new year: 2024 opens with wave of layoffs in tech, and AI could be making it worse

11.01.24|Omer Kabir
The layoffs of hundreds of employees at Google this week came on the back of the cuts at other companies to start the year, including Amazon, Xerox and Duolingo. Although this is a relatively small wave, it is enough to raise concerns that high-tech will not return to accelerated growth any time soon
הדמיית משרדי חברת אינטל ש עתידים לקום ב חיפה

Intel halts construction of $200 million Haifa mega-campus

16.01.23|Raphael Kahan
As the chip crisis continues, the company has decided against spending $200 million on the new campus. A parking lot will be built in its place
פיטורים בהייטק מפוטר מפוטרים

2022’s layoffs were just the promo: The real pain for high-tech is coming in 2023

05.01.23|Sophie Shulman, Meir Orbach
High-tech companies laid off 7,000 workers in Israel and 100,000 workers in the U.S. last year, but in most companies this was a move designed primarily to please investors. Now comes the real crisis
משרדי פייסבוק בתל אביב

HR on the chopping block: “When I received a layoff email I was shocked"

19.12.22|Maayan Manela
At the beginning of the year, high-tech companies had difficulty finding recruiters to locate the necessary talents for them to meet their growth goals. But in recent months, following the crisis, recruiters and HR personnel are the first to be laid off
סיון אביהוד מנכ"לית Link2USA

Unhappy new year: High-tech HR budgets signal 2023 will open with layoffs

07.12.22|Maayan Manela
"Companies are waiting until after the holidays, but the big blow will be in the first and second quarters of the year," said Sivan Avihud, founder of Link2USA
הייטק פיטורים משרד ריק שבוע עבודה מקוצר

Layoffs in tech: Israeli high-tech companies prefer to start abroad

27.06.22|Meir Orbach
Over recent years, many Israeli companies have chosen to develop their core locally while expanding the rest of the company abroad. As a result, while in recent weeks Israeli high-tech companies have laid off hundreds of employees, most of them have chosen to start overseas
נדב שובל על רקע לוגו OpenWeb

Unicorn OpenWeb undergoing organizational change, management to move to US

15.06.22|Meir Orbach
The company, which has developed technology to improve online discourse, joins the wave of layoffs in high-tech, with 14 R&D employees - about 10% of the workforce, to leave. At the same time, OpenWeb will hire other employees in the US
LACEWORK _alt BOLT

Cutback nation: Who’s afraid of layoffs?

31.05.22|Sophie Shulman
Mass layoffs at American unicorns Lacework and Bolt signals the hysteria that could turn out to be excessive and harmful in the venture capital industry. This panic could also spread to Israel and hurt companies whose situation is not necessarily bad
Yossi Carmil co-CEO יוסי חברת סלברייט

Cellebrite refunding employees for four months of Covid-19 cutbacks

22.10.20|Meir Orbach
Employees had their pay checks reduced during the first wave of the pandemic and after already canceling the cuts last month, the digital intelligence company will now also be paying back a one-off sum to cover lost salaries
מפעל טבע טק נאות חובב פיטורים

Teva firing 350 employees from Israeli production facility

23.08.20|CTech
Pharmaceutical giant says Teva-Tech plant in Ne'ot Hovav was spared in previous cutbacks but that efforts to get it back to profitability proved to be unsuccessful
אמדוקס

Software giant Amdocs set to lay off 1,000 employees

02.07.20|Meir Orbach
The company said it is reorganizing global HR due to “complex time of continued uncertainty in global markets”
הפגנת עובדי ארנסט אנד יאנג

Israel’s biggest accounting firm EY to sack dozens of employees

28.06.20|Omri Milman
EY put around 350 employees on unpaid leave at the start of the Covid-19 crisis and almost 100 of them are set to be fired
סאסן גודארזי מנכל אינטואיט

Israeli employees among 715 fired by financial software giant Intuit

24.06.20|Meir Orbach
The company's CEO, Sasan Goodarzi, announced in a letter to the employees that Intuit will be cutting 7% of its workforce worldwide, laying off 715 people in total
מנכ"ל אינדיגו אלון בר שני

HP’s demand to fire hundreds of employees led to departure of Indigo’s GM

10.06.20|Golan Hazani
Alon Bar-Shany believed Hewlett-Packard’s plan for widescale cutbacks was unjust
מריוס נכט 2

Swiss Mobile Banking Startup Numbrs Lays Off 50% of Employees

11.05.20|Meir Orbach
According to the statement issued by the company, a financing round that was already signed did not end up coming to fruition, leading to 62 of the company’s employees getting laid off
מגזין מנהלים 31.12.20 מוטי גוטמן מנכ"ל חברת המחשוב מטריקס

Matrix IT Sends 1,000 Employees on Unpaid Leave And Cuts Exec Wages

04.05.20|Tzally Greenberg
The Herzliya-based company also cut wages of some of its remaining employees by half
אייל ולדמן מנכל מלאנוקס

Following Shareholder Castigation, Mellanox to Cut 100 U.S. Jobs

10.01.18|Dror Reich and Lilach baumer
On Monday, Mellanox's largest shareholder Starboard urged the company to reduce research and development costs
מפעל טבע טק ב רמת חובב

Teva to Cut Jobs, Shut Down Some Israeli Operations

13.12.17|Dror Reich and Sefi Krupsky
On Thursday, the troubled drugmaker is expected to unveil its cutback plan. At its center is extensive layoffs and the reorganization and divestment of non-core assets