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Layoffs

20 stories about Layoffs
פריימרי דאטה פלין ווזניאק primary data Flynn Wozniak

Primary Data Burned Through Nearly $100 Million, Pivoting from Software, to Hardware, to Software

24.01.18|Orr Hirschauge and Hagar Ravet
After aiming to develop the one data storage system “to rule them all,” the company recently suspended operations after four years in the running
מוסף 16.5 הון אנושי סול ג'יי בארר Sol J. Barer

After Announcing Restructuring Plan, Teva's Board of Directors Takes Paycut

11.01.18|Lilach Baumer
In December, the generic drugmaker announced a plan to let go 14,000 employees
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
מוסף אנשי השנה ראש השנה בניין אי סי איי פתח תקווה eci

ECI Telecom Wins Israeli Military Contract

01.01.18|Meir Orbach
The company beat Nokia Subsidiary Alcatel-Lucent to the deal, worth tens of millions of dollars. Earlier this month ECI announced it will lay off 100 employees in Israel due to the pressures of global competition
בני לנדא מייסד לנדא לאבס

Vindication Leaves Activist Teva Investor in a Glum

22.12.17|Omer Kabir
Tech entrepreneur Benny Landa had sounded the alarm on the generic drugmaker as far back as 2013, but seeing his forecasts realized gives him no satisfaction
עובדי בחברת ECI הפגינו מול ביתו של בעל השליטה שאול שני ב כפר שמריהו

Israel’s ECI Telecom to Lay Off 6% of Workforce

21.12.17|Meir Orbach
In an email to employees, the telecom equipment manufacturer’s CEO Darryl Edwards wrote the layoffs were needed because of global competition, a decline in governmental support, and a strong shekel
עובדי טבע חוסמים את אזור הכניסה ל ירושלים

Teva CEO to Netanyahu: Layoffs will Proceed as Planned

19.12.17|Omri Milman
In a statement, the company said it rejects the Israeli government’s appeal to withdraw cutback plans
default image

Following Restructuring Announcements, Teva Reinstated as Israel’s Biggest Company

18.12.17|Lilach Baumer
Teva's stock jumped 18.7% on the New York Stock Exchange between Thursday market opening and Friday market close. Israeli Prime Minister Benjamin Netanyahu is expected to meet with CEO Kåre Schultz Tuesday
מנכ"ל טבע החדש קור שולץ

Teva Might Have Been Better Off as a Smaller Company, new CEO Says

17.12.17|Dror Reich
The generic drugs powerhouse is now carrying a $34.7 billion debt—a result of a $40.5 acquisition of Actavis. New CEO Kåre Schultz presented a detailed restructuring plan on Thursday
אחרי ה שביתה נתב"ג טבע פיטורים טיסות טרמינל

Tel Aviv Airport, Stock Market Open as Solidarity Strike Ends

17.12.17|Lior Gutman, Omri Milman and Micky Grunfeld
Israel’s largest labor union called for a half-day strike on Thursday, in support of Teva employees
עובדי טבע בקריית שמונה מפגינים

Employees Protest Outside Teva’s Israeli Facilities

14.12.17|Omer Kabir, Yoav Stoler and Keren-Or Grinberg
The demonstrations outside the company's facilities held Thursday foreshadow a full-out strike planned by the company’s employees for Sunday
מנכ"ל טבע החדש קור שולץ 2

Teva to Let Go 14,000 Employees Over the Next Two Years

14.12.17|Lilach Baumer
The company released a statement detailing its reconstruction plan Thursday. CEO Kåre Schultz elaborated on the plan during a call with investors
פסקל סוריו מנכ"ל AstraZeneca

Once Future CEO Could have Taken Teva on a Different Path

14.12.17|Lilach Baumer, Golan Hazani, and Orr Hirschauge
AstraZeneca CEO Pascal Soriot, which backed out of Teva’s CEO position in July, planned on taking the company towards innovation instead of generic focus
אבי ניסנקורן מסיבת עיתונאים טבע פיטורים

Israeli Union Leader Calls for General Strike on Expected Teva Cutback Reports

14.12.17|Dror Reich, Sefi Krupsky, and Adrian Filut
On Wednesday, Calcalist reported Teva intends to terminate over half of its employees in Israel in the next months
מנכ"ל טבע החדש קור שולץ 2

Teva to Cut Around Half of Israeli Workforce, Outsource Operations

13.12.17|Dror Reich
An internal document reviewed by Calcalist reveals the troubled drugmaker's detailed domestic cost-cutting plans
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
מנכ"ל טבע החדש קור שולץ 1

Teva to Unveil Strategic Plan, Layoffs Thursday

12.12.17|Dror Reich
Last month the debt-riddled drug maker announced a rehabilitation plan amidst rumors of upcoming employee cuts
מנכ"ל טבע החדש קור שולץ

New CEO Steers Teva Back to Generics

28.11.17|Golan Hazani and Dror Reich
A reorganization plan announced by the company Monday would see the troubled drugmaker return to its core competencies, despite market pressures
מנכ"ל טבע החדש קור שולץ 2

Israeli Parliamentarians to Push Against Teva Layoffs in the Country

26.11.17|Dror Reich and Maayan Manela
Shelly Yachimovich, a member of the Israeli parliament representing the Israeli Labor Party, said she intends to call an emergency hearing of the Israeli parliament’s state control committee on the issue. The planned layoffs are a result of the company’s management failures, she added
מנכ"ל טבע החדש קור שולץ 2

Troubled Drugmaker Teva to Axe over 4,000 Jobs

23.11.17|Golan Hazani
Less than a month after stepping in as CEO, Kåre Schultz starts tightening the belt. The company is expected to oust Chief Scientific Officer Michael Hayden
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