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Layoffs

20 stories about Layoffs
מטה אינטל ב קליפורניה

Intel races against time to complete layoffs amid financial losses

05.09.24|CTech
Failed Broadcom chip test threatens foundry plan as Intel looks to 2027. 
מארק צוקרברג nמטא משקפי קווסט Quest

Meta ends global AR chip development, shuts down Israeli operations

04.09.24|Meir Orbach
The process of winding down its AR chip operations began in October of last year when Meta started laying off employees globally in this division. 
מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Intel faces Dow Jones ouster: Is Nvidia set to take its place?

03.09.24|Reuters
With Intel's shares down more than 70% from a record high in August 2000, the Dow may turn to Nvidia as the new tech heavyweight. 
מנכ"ל אינטל פט גלסינגר 2 אפריל 2024

Intel's CEO to unveil aggressive cost-saving measures at pivotal board meeting

02.09.24|Reuters
Gelsinger’s strategy could include selling Altera and freezing factory expansions. 
משרדי אינטל ב פתח תקווה

Intel ends car leasing program in latest cost-cut

01.09.24|Meir Orbach
The chip giant’s Israel management is aiming to save around $3.3 million by axing leasing as part of a broader layoff prevention strategy. 
משרד ריק הייטק עובדים נעלמים גוסטינג

Full list of Israeli high-tech layoffs in 2024

29.08.24|CTech
חלקי רחפנים שהודפסו במדפסות תלת-מימד של סטרטסיס מוצגים בדוכן של החברה בתערוכה בדבאי

Stratasys to lay off 15% of workforce as part of $40M cost-cutting plan

29.08.24|Meir Orbach
Around 300 employees are set to leave the Israeli 3D printer manufacturer. 
לוגו אינטל

Intel's layoff plan enters new phase after voluntary retirement program closes

28.08.24|Meir Orbach
With initial retirements complete, Intel focuses on additional layoffs and operational scaling. 
ג'נרל מוטורס ישראל

GM lays off dozens in Israel as part of worldwide job cuts

20.08.24|Meir Orbach
The layoffs affect GM's critical software and services sectors, with a global impact. 
Omer Granot Localize

Proptech startup Localize shuts down US operations amid real estate crisis

19.08.24|Meir Orbach
The volume of real estate transactions in the US has decreased significantly in the last two years, leading to a reduction in the company's activities that provide data tools for apartment buyers and agents. However, sister company Madlan's activities in Israel will continue as usual.
שלמה גדות מנכ"ל פרסלו

Chip company Inuitive laying off 20% of workforce as CEO retires

15.08.24|Meir Orbach
Inuitive, which focuses on 3D imaging, has raised approximately $200 million to date.
משרדי DayTwo משרדים שטוחים

Healthtech startup DayTwo shuts down

13.08.24|Sophie Shulman
Once one of the most promising medical startups in Israel, DayTwo raised $85 million in total, but failed to navigate market challenges. 
סיסקו cisco

Cisco set to cut thousands more jobs as part of AI and cybersecurity focus

11.08.24|Reuters
As Cisco refocuses its business, another round of significant layoffs looms for the networking giant. 
פט גלסינגר מנכ"ל אינטל ה עולמית

Up to 19 months of pay: What Intel is offering employees for early retirement

07.08.24|CTech
Employees with five years of service will receive four months' salary, those with over 10 years will be entitled to 10 months' salary, and employees with more than 30 years of service will receive 19 months' salary upon retirement. 
אינטל אריזונה

Intel laying off more than 15% of workforce, cutting costs by $10 billion

02.08.24|Omer Kabir
The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.
פט גלסינגר אינטל

Intel’s mass layoffs: A desperate move that might not be enough

01.08.24|Omer Kabir
Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.
בניין אינטל ב חיפה

Intel to layoff thousands of employees in latest round of cutbacks

31.07.24|Omer Kabir
According to a Bloomberg report, the chip company could present the plan as early as this week. 
Orcam myme election בחירות אורקאם

OrCam closing glasses department, cutting dozens of jobs in third round of layoffs this year

28.07.24|Meir Orbach and Sophie Shulman
The Israeli startup has decided to focus on its Hear division after the technological progress in image processing by language models has made its Low Vision products largely redundant. 
אמדוקס פארק

Amdocs set to cut 1,500-3,000 jobs in new round of layoffs

18.07.24|Meir Orbach
The software giant is expected to lay off between 5%-10% of its global workforce
מנכ"ל סולאראדג' צבי לנדאו

Power failure: Has SolarEdge's crisis made it a takeover target?

18.07.24|Adiel Eithan Mustaki
The company's value collapsed from $20 billion to $1.6 billion in about two years, making it a potential acquisition target. SolarEdge, which has no controlling owner, announced layoffs of 400 employees, half of them in Israel, causing its stock to continue to fall.
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