Economy

Demand for juniors in high-tech has shrunk, many young people remain outside the labor market, and about a quarter of a million workers have simply "disappeared". The average wage in the economy has indeed risen by 7%, but in practice, it is barely felt in the pocket. Why is this happening, and how much has the war affected the data?

With massive debts of 17.3 billion reais, enormous losses, the closure of about 300 branches, and the firing of thousands of employees - retail giant Casas Bahia has reached the red line | All the details on the collapse shaking Brazil

Minister of Finance Bezalel Smotrich has appointed Benny Dreyfus, who recently resigned as CEO of Mifal HaPais, as the new chairman of the state-owned EAPC. He is set to assume the role in September.

The company Perot HaMoshav Ben Yosef has filed for a stay of proceedings after accumulating debts of approximately 7.3 million shekels. Operations have ceased and about 80 employees have been fired, following losses, the spoilage of 11 fruit containers, and legal disputes.

Advocate Beni Dreyfuss, who announced his departure as CEO of Mifal HaPais yesterday, has been appointed Chairman of the Eilat-Ashkelon Pipeline Company (EAPC). He will assume the position on September 1, 2026.

Following the departure of foreign correspondent Yosef Israel, organizational changes at the media outlet continue. Two more key staff members are leaving the News 13 company.

Israel's unemployment rate rose to 3.3% in July, with the broad rate reaching 4.4%. The increase is largely attributed to seasonal layoffs of education personnel during the summer break.

Cybersecurity firm PenTera announced a new round of layoffs affecting 60 employees. This follows a previous reduction of 40 staff members in April, bringing the total headcount reduction to 20%.

Vishal Garg became famous as a cruel CEO when he fired about 900 employees in a 4-minute Zoom call, but 5 years later the circle closed - he was fired himself from the company he founded and managed, and now the employees are celebrating: "There is no greater satisfaction than seeing a toxic manager swallowed by the corporate monster he fed himself."

Inrom Group has appointed former KPMG senior partner Yoav Lavi as CFO and industry veteran Ido Shefer as CEO of Itong. Group CEO Ehud Danoch stated that these appointments will strengthen the company's leadership and support its continued growth.

After 20 years of senior management experience at Phoenix, Cellcom, and Teva, Orly Pascal joins the global management team of the crop protection company Adama as VP of Human Resources.

Adv. Benny Dreyfus informed the board of directors today that he is stepping down, having led the organization's emergency operations since the outbreak of the war.

CEO of Mifal HaPayis, Adv. Beni Dreyfuss, notified the board of directors of his decision to step down after 6.5 years in office. Mifal HaPayis Chairman Itzik Lary thanked Dreyfuss: 'He was a key partner in establishing the organization as a social pillar, a body that leaves a daily mark on activities for the benefit of all Israeli society.'

The wave of layoffs in high-tech creates uncertainty, but history shows that market shocks foster the growth of major companies. Experienced professionals are now leveraging AI to build leaner, more efficient startups.

The number of job vacancies rose by 1.5% from 146.8 thousand in June to 148 thousand in July. This trend continues following Operation Lion's Roar, despite the fluctuations observed during the war.

Mass youth protests in New Delhi have highlighted the severe labor market crisis in India. With youth unemployment at 16%, university graduates are struggling to find work that matches their educational qualifications.

The Institute updates that today is the deadline for monthly reporting and payment for self-employed individuals and employers, and warns against severe financial sanctions and linkage for those who do not settle their debt on time.

The number of job seekers who are software developers and application analysts has risen over the last two months by 9%, from 7,950 in May to 8,650 in July, according to the Employment Service.

Employment Service data for July: the number of job seekers rose by about 4.6 thousand to about 173.5 thousand - but the increase is mostly explained by the seasonal phenomenon of "summer layoffs", mainly education workers, women, and the Haredi society. At the same time, the trend of job seekers actually continued to decline and the demand for workers strengthened: about 150 thousand job...

In 2025, Elon Musk earned 2.5 million times more than the average Tesla employee. According to an AFL-CIO report, the income gap between top executives and workers in S&P 500 companies continues to widen significantly.

A study found that nearly half of Gen Z use TikTok and Instagram to find a job. Employers are enthusiastic about the personality and energy of candidates, and experts clarify: "The change in recruitment processes is inevitable."

Randall Lane, who worked at the magazine for about 16 years, was removed from his position following the discovery of a massive payment he received from the founder of a company that partners with the magazine's rankings. Lane regrets: "I made a mistake, I should have reported it."

The Bank of Israel has launched a financial support program for 4,500 IDF soldiers facing economic hardship. The initiative is backed by a 7.2 million shekel budget.

A new employment report reveals that the number of job seekers reached 173.5 thousand, driven by seasonal layoffs in the education sector. Meanwhile, there is an increase in the share of academics and those from high socio-economic clusters.

Raanan Cohen, a startup founder, urges employees and entrepreneurs to sell vested shares immediately upon maturity. He argues that waiting for "just a little more" is a dangerous illusion that often leads to significant financial loss.

16 years after retiring, the former star talks about the transition from the football pitch to the business world. Today he is a franchisee of two successful Arcaffe branches, was a partner in hotel businesses that he sold for a profit of about 11 million shekels, and recently founded the fintech company "Araviyot Yashir" ("Direct Guarantees") with a large investment: "When I left football I...

Following the transition to smart, data-driven digital shelves, Hedia is taking a significant leap forward by appointing two new deputy CEOs to lead its expansion momentum.

On a hot July day in 1965, the deafening sirens of ships anchored in Haifa port signaled a strike. The next day, newspapers reported that work was paralyzed on ten Israeli vessels, including the 'Theodor Herzl', as 3,500 sailors demanded the right to vote in the Knesset elections.

Looking for your next career move? We have compiled a list of open development and high-tech positions to help you refresh your resume and find your next challenge.

A major scandal at one of the world's most influential economic magazines: the chief content editor of Forbes was immediately fired following the exposure of a dubious financial deal conducted behind the scenes of a prestigious rating project.

SUPERMARKETING is a column that introduces you to the people leading the marketing world in Israel. This time: Ofri Shabo, CMO of Magnum Israel.

Legislation in several countries prohibiting employers from contacting staff outside working hours raises the question of whether such norms will reach Israel. Constant digital availability is blurring the lines between work and leisure, contributing to employee burnout.

New York City Council member Zohran Mamdani has announced his support for a bill requiring Amazon to hire couriers as direct employees. The move aims to curb exploitative employment models in the gig economy.

Reporting and insurance premium payment deadlines for the self-employed and employers have been adjusted due to the Sabbath. Most monthly benefits are expected to be deposited into accounts earlier than scheduled.

Since its IPO in 2021, the shares of infrastructure company Rimon have jumped over 300%, reaching a market cap of 5.3 billion shekels. CEO and controlling shareholder Yossi Almalem, who holds 13.6% of the shares, has requested an update to his compensation terms, including a retention bonus.

The National Insurance Institute reminds self-employed individuals and employers that the deadline for reporting and paying insurance premiums is August 16. Delays will result in fines and significant linkage differentials.

In every decade, there is one action that has more impact than the rest, and one decision that becomes impossible if you wait. A practical guide by life stage, including the 2.1 million shekel difference between a saver who started at 25 and one who started at 35.

The esteemed actress speaks candidly about her financial situation after four decades in the industry. After recently deciding to offer audition preparation services, she sheds light on her economic status: "I've had three people so far. It's impossible to make a living just from acting."

Bank Leumi has announced the cancellation of an option allocation for CEO Hanan Friedman. The decision follows a directive from the Banking Supervision Department prohibiting the linkage of executive compensation to the performance of individual subsidiaries.

A new collective agreement has been signed for approximately 300 employees of the Biblical Zoo and the Israel Aquarium in Jerusalem, featuring a 17% average salary increase, a signing bonus of up to 2,000 shekels, and enhanced social benefits.