Tech Industry

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.

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.

Michal Braverman-Blumenstyk, who has led Microsoft's Israel R&D center for the past 6.5 years, has announced her departure from the company. She will remain in her role until the end of the year.

The game of musical chairs in the artificial intelligence world continues: Bret Zoph, a senior figure in the AI industry, has been appointed Vice President of Research at Google. Zoph, who has moved between leading companies in the field, left OpenAI last June after a short period of only five months.

Nvidia's second-quarter report shows the company remains on an acceleration path. The most significant constraint on its growth is not customer demand, but supply chain limitations.

NVIDIA is reportedly nearing a $12.9 billion acquisition of Hugging Face. This deal would allow the chip giant to expand its influence beyond hardware and into the core of the global AI development ecosystem.

The Forward Deployed Engineer (FDE) role has become one of the most sought-after positions in tech. Now, Google, under the leadership of Israeli executive Andi Gutmans, is working to replace these specialists with AI agents.

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%.

The company that brought ChatGPT to the world has experienced a wave of departures of senior executives in the most important departments in recent months, all while the company prepares for an IPO with a valuation of at least a trillion dollars. Why is this happening, what do investors think about the mess, and how is the Israeli company Wiz indirectly related to it?

The company exceeded analysts' expectations for revenue and profit. It anticipates continued significant growth of 30% in the second half of the year. Rafi Amit: "We are experiencing a significant acceleration in the pace of order intake."

The podcasting industry is facing a major threat as Spotify introduces a 'Skip Ahead' button, allowing users to bypass ads. This feature risks collapsing the business model that sustains creators.

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.

Following increasing competition from Chinese companies and Anthropic, OpenAI is lowering the prices of its popular models by double-digit percentages, though analysts warn of potential consequences for the company's financial future.

Check Point CEO Nadav Zafrir is facing significant challenges as the company struggles with stagnant sales and declining market performance, prompting a major internal reorganization.

Prof. Amnon Shashua stated that Mobileye will focus on recruiting abroad, noting that having 90% of staff in Israel is a disadvantage. He did not rule out a non-Israeli CEO and hinted that no further layoffs are expected at this time.

Five tech professionals from Israeli companies share their side projects — from a baby tracking app to a guitar learning site — developed with the help of AI and Claude, proving that curiosity and desire can lead to real products even without a formal programming background.