Author: Assaf Gilead

[ad_1] After saying final month that it was shedding 6% of its worldwide workforce of 12,000 staff, Google has begun its layoffs in Israel, sources accustomed to the matter have informed “Globes.” Google Israel has begun summoning staff for a listening to as a part of the layoff course of. The hearings are anticipated to proceed till no less than Thursday. The layoffs will hit many groups together with these working for the corporate’s iconic search engine, Google Cloud, Waze which was acquired by Google a decade in the past and lately misplaced its independence and was merged with…

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[ad_1] Intel Company’s financials launched final week have been unhealthy and predictable to the identical diploma. Intel went into the financial slowdown of 2022 nonetheless battered by a management and expertise disaster that eroded its modern edge, manufacturing capability, and profitability compared with its opponents within the semiconductor market equivalent to Nvidia, AMD, Arm, and TSMC. Analysts estimate that though the worst shouldn’t be but behind Intel, the unhealthy occasions is not going to proceed for lengthy. If the inventory market is to be believed, there’s normal optimism in regards to the firm. Up to now this 12 months,…

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[ad_1] As a way to keep away from mass layoffs, the semiconductor big is providing unpaid go away and voluntary retirement choices. Semiconductor big Intel has not but begun the spherical of layoffs that it plans to hold out over the subsequent few years, however maybe as a way to keep away from unilateral and excessive measures, it hopes to permit as many workers as doable who want to take action to take a brief interval of unpaid go away, lasting just a few weeks, or to take voluntary retirement in return for severance pay and pensions. …

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[ad_1] Israeli cell video games firm Playtika (Nasdaq: PLTK) is getting ready to put off 12%-15% of its workforce, sources near the matter have advised “Globes.” About 600 workers worldwide might be dismissed together with 180 in Israel. The corporate drastically expanded its workforce in the course of the Covid pandemic however has been downsizing this 12 months, with a primary spherical of layoffs in June. RELATED ARTICLES Joffre Capital eyes shopping for management of Playtika – report Israeli cell video games co Playtika to put off 250 …

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[ad_1] Cisco has 800 workers in Israel working in such areas as cloud administration, growth of processors, mobile communications programs and enterprise communications. Veteran US communications firm Cisco Programs Inc. (Nasdaq: CSCO) has turn out to be the newest tech big to announce main cuts in its workforce and workplace leasing contracts. Cisco stated that it’s going to lay off 4,000 workers, worldwide, representing 5% of its workforce. Cisco has 800 workers in Israel working in such areas as cloud administration, growth of processors, mobile communications programs and enterprise communications. Nevertheless, sources near Cisco in Israel say…

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[ad_1] A 12 months in the past, the enterprise journey planning options firm raised capital at a valuation of $7.1 billion. US-Israeli firm TripActions believes that the first market gates in New York will reopen subsequent 12 months and that it will likely be capable of double its valuation in an IPO. How a lot does it consider that? The corporate based within the US by Ariel Cohen and Ilan Twig not too long ago filed a confidential prospectus with the US Securities and Change Fee valuing the corporate at $12 billion, in accordance with Enterprise Insider.…

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[ad_1] Eyal Ofer, chairperson of Ofer World, one of many controlling shareholders in Mizrahi Tefahot Financial institution and a shareholder within the Royal Caribbean Group cruise line firm, is benefiting from falls available in the market to spend money on know-how corporations at comparatively early phases. Ofer has invested $400 million of his private capital to arrange a second fund of his enterprise capital agency O.G.Tech, bringing his dedication to over $500 million. Ofer, the son of Sammy Ofer and brother of Idan, is within the second 1% of Forbes journal’s wealthy listing, with a private fortune estimated at…

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[ad_1] Meta (Fb) founder and CEO Mark Zuckerburg mentioned in an interview final weekend, “I discover that it is exhausting to spend so much of time on Twitter with out getting too upset.” However he mentioned of Instagram, which Meta owns, “Instagram is a brilliant constructive house.” It is a controversial assertion while you keep in mind that Instagram has turn into a social media platform that enables simultaneous stay posts from hundreds of thousands of followers – with out satisfactory supervision – creating a possibility to stream obscene content material. An investigation by “Globes” has discovered that customers…

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[ad_1] 2022 hasn’t been good, thus far, for on-line training. Prior to now few weeks alone, a number of leaders within the area, together with Israel’s Jolt, US firm On-Deck, and India’s Unacademy, have been pressured to make painful cuts, and lay off massive numbers of workers. Tech corporations which have till lately employed workers at a dizzying tempo, have barely lowered their demand for brand spanking new recruits, whereas different giants akin to Meta, Uber and Netflix have begun to place positions on maintain. Regardless of this, demand for tech employees is prone to proceed and the scarcity…

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[ad_1] Liberty Strategic Capital, the non-public fairness fund arrange by former US Secretary of State for the Treasury Steve Mnuchin, has acquired management of cell safety options firm Zimperium, for $525 million. That is the biggest funding by Mnuchin’s fund, which was arrange final 12 months, and beforehand invested within the progress rounds of corporations like Israeli startup Cybereason. Zimperium was based in Israel by Zuk Avraham.  RELATED ARTICLES Zimperium raises $15m from Japan’s Softbank Cybereason raises $275m at $3.2b valuation, Mnuchin joins board …

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