Layoffs

Israeli cybersecurity firm XM Cyber has sold its intellectual property to CrowdStrike for $600 million in cash and stock, resulting in massive layoffs that left only 50 of its 300 local employees.

BMW profits dropped nearly 45%, prompting a 1 billion euro restructuring plan targeting 8,000 voluntary departures with average severance packages of 125,000 euros.

ONE ZERO Digital Bank announced plans to lay off 10% of its workforce, impacting 25 to 30 employees, as CEO Eyal Gafni cited rapid advancements in artificial intelligence and automation.

Israeli fintech startup HoneyBook is laying off 14% of its workforce, affecting around 30 to 35 employees, mostly in Israel, as part of an AI-driven reorganization.

Walt Disney Company is laying off about 300 employees, mainly in human resources and technology, marking the third workforce reduction wave since Josh D’Amaro became CEO in March.

Israeli startup amp.ai, creator of a smart home gym device, has laid off 80% of its staff, shifting its business focus from B2C to B2B and cutting jobs in Tel Aviv and New York.

Amazon is actively recruiting former employees, including those previously laid off, for AI and cloud roles as it navigates strict return-to-office policies and past workforce reductions.

Oracle has initiated a new round of layoffs starting Monday as part of organizational restructuring to cut payroll expenses and fund AI infrastructure investments.

Following the legal battle over the phosphogypsum ponds of Rotem Amfert, thousands of workers in the Negev fear that they will return from the holidays to find there is nowhere to work. Environmental organizations accuse the plant's management of cynically using the workers as a human shield to obtain pollution permits.

Against the backdrop of the collective agreement to reduce staff at the Haaretz group signed in July, journalist and editor Merav Moran is ending her tenure after a decade: "I didn't see it coming and I was surprised. Completely. Boom."

International payment giant PayPal is cutting approximately 70 out of 300 staff members at its Israeli R&D center. The move is part of a global efficiency plan aimed at saving $1.5 billion annually.

Israeli tech firm IVIX, which combats financial crime for governments, has announced a 10% workforce reduction alongside a strategic pivot toward new AI-driven investigative tools.

Uber is cutting 3,300 jobs, approximately 10% of its global workforce, to streamline management layers. The move aims to reallocate resources toward ride-sharing, delivery, and autonomous taxi divisions.

Gat Foods, a manufacturer of concentrates for the global beverage industry, is laying off 20% of its staff at the Emek Hefer plant. The move is driven by the strong shekel and declining export revenues.

The Israeli company Bizzabo and the payment giant PayPal have announced staff reductions. The layoffs at both companies are part of global operational efficiency programs.

The chip giant has made a dramatic decision to close the optimization and AI agents group at its research labs in the country, fire senior developers, and halt important operations.

After ten years in which he served in a variety of roles behind the scenes and on screen, another journalist decides to leave the channel recently acquired by Assaf Rappaport.

The Rotem Amfert Negev plant, which employs thousands of workers in the south, is at a crossroads after appeals against the phosphogypsum reservoir expansion plan were referred to the National Planning and Building Council.

Alongside layoffs at giant companies and thousands of job seekers, the Israeli high-tech sector continues to recruit, but requirements have become more specific than ever. Recruitment managers explain which positions remain in high demand and how candidates can truly stand out in the AI era.

David Zinsner, Intel's CFO, revealed that as part of the organizational change led by Lip-Bu Tan, the company has reduced its management layers from 12 to 6 and the number of vice presidents from approximately 450 to 200.

Is the situation "critical" as the employees claim, or just "severe" as the CEO says? The truth is that it does not matter how the crisis is defined, because it is clear to everyone that the German luxury company Volkswagen is at an unprecedented low. What is on the agenda? Massive layoffs, factory closures, and a continued inability to cope with the changing automotive market.

Last January, Meta executives developed a secret initiative, Project OT, aimed at replacing thousands of employees with AI agents. The plan was ultimately abandoned due to technical limitations and internal pushback.

The University of Haifa is facing a 60 million shekel annual deficit. As part of a recovery plan, 170 non-tenured lecturers have received notices of dismissal or position reductions.

Memory chip manufacturer Sandisk has fired dozens of employees from its development center in Kfar Saba as it transfers key projects to India. The move has sparked resentment among staff, as it comes just months before the launch of an employee stock purchase program offering significant discounts.

The tech giant is laying off approximately 100 employees from its VR headset team, with the remainder coming from the Siri and AI divisions. Apple stated that the move is part of a reorganization focused on advancing its artificial intelligence initiatives.

Pentera notified 60 of its employees - half of them in Israel - that they will be laid off. The reason: "Preparing for the rapid changes occurring in the market against the backdrop of the dramatic growth and adoption of artificial intelligence capabilities." Earlier this year, it was reported that the company laid off 40 employees.

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."

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.

Credit card company CAL is planning to reduce its workforce by 10% to 15%, affecting 150 to 220 positions. This move follows the loss of the El Al FlyCard franchise to Isracard earlier this year.

LinkedIn is shutting down its R&D center in Israel, resulting in the layoff of approximately 50 employees. The facility, established following the acquisition of Oribi, will cease most of its operations.

The company, which develops leading flagship games using a unique model, has begun laying off employees at its development center in Ramat Gan, which accounts for about a quarter of the workforce of the American corporation that controls it.

A series of resignations at the Walla news desk over a short period: since Ilail Shahar took office as head of the news desk, 8-10 editors have announced their departure, including senior desk managers and the veteran homepage editor. A former employee: "Everyone here has either found a job or is looking for one."

Giant companies rushed to cut staff in the blind belief that artificial intelligence was ready to fully replace humans - but the awakening was painful: data from Forrester and Gartner, alongside operational crises at Ford and IBM, reveal that rapid automation has created engineering bugs, a collapse in customer service, and the erasure of organizational knowledge. This is the most expensive...

Against the backdrop of the most severe crisis in the Israeli high-tech sector, a senior manager reveals the personal moments of horror and the secret method she developed to save her employees and find them all new jobs.

The wave of layoffs in high-tech and the preference for experienced employees signal that artificial intelligence is already changing the labor market. Israel must establish short and accessible training tracks that will allow employees to update their skills, change professions, and remain relevant.

TikTok announced today (Thursday) the layoff of 250 employees and the closure of its offices in Nashville, Tennessee. As reported by The New York Times, the cuts affect, among others, the company's content moderation teams.

Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Diageo, the world's largest alcohol company, has unveiled an efficiency plan expected to lead to savings of one billion dollars over three years. The plan will lead to the cutting of between 3,000 and 5,000 jobs.

Avi Eyal, co-founder of Entrée Capital, addressed the recent layoffs at Monday and the compensation request for its CEOs. He emphasized that these steps are essential for the company's survival in the AI era.

After months of tension between management and the employees' representatives, agreements were reached on a reduction plan: up to seven employees will end their employment, two will be reassigned to other roles, and management committed not to carry out further layoffs among journalists in the next seven months.

Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Roy Mann and Eran Zinman, the founders and CEOs of Monday, are asking the company's general meeting for a tiered salary increase that will bring them to a level of $14 million each. The company recently announced the layoff of 600 employees.

German automotive giant Volkswagen is laying off hundreds of managers as the industry struggles with Chinese competition. Recruitment experts warn that the market cannot absorb this influx of senior staff.

Worrying data reveals the scale of the deep crisis in the local technology sector, as a significant portion of those laid off are considering leaving the industry due to fears for their professional future.

The "Bye-Tech" event brings together former high-tech employees who traded high salaries for careers in social work, education, and agriculture, seeking to find greater meaning in their professional lives.

A wave of layoffs has hit the Israeli high-tech sector, affecting over 10,000 employees this year. Experts provide essential advice on how to manage stock options to avoid tax pitfalls and financial losses.

Visa has announced the layoff of approximately 2,600 employees, representing 7% of its global workforce, despite reporting robust financial results for the third quarter of fiscal year 2026.

Electronic Arts (EA) laid off employees at four game studios as part of a "reorganization," while CEO Andrew Wilson's annual compensation package jumped by $8 million compared to the previous year.

Channel 13 faces another departure as senior foreign correspondent Yosef Israel announces his resignation. The move comes amidst a wave of layoffs and internal turmoil following the acquisition process led by Asaf Rappaport.