Economics
Latest Economics News
Wix CEO blames strong shekel for layoffs
In confirming that the company is laying off 20% of employees, Avishai Abrahami wrote, “A very meaningful portion of our…
Amdocs to lay off 3,000 employees
Israeli tech company Amdocs (Nasdaq: DOX) is preparing for a round of layoffs worldwide, in which the company will downsize…
Leviathan production capacity exceeds expectations
Leviathan, Israel’s biggest gas field, is reporting a much greater production capacity than previously announced, according to Leviathan partner Ratio…
Israeli 3D printing co Stratasys buys MarkForged
Israeli polymer 3D solutions company Stratasys (Nasdaq: SSYS) has announced the acquisition of US company MarkForged from Israeli 3D printing…
Lightricks perpares for another round of layoffs
Jerusalem-based Lightricks, mainly known as the developer of the Facetune content editing app, which has more than 500 employees, is…
Soroka reconstruction plan comprises five new buildings
Soroka Hospital in Beersheva has a new development plan, almost a year after an Iranian missile hit the hospital’s surgical…
Elbit Systems unit buys Israeli AI company
Elbit Systems (TASE: ESLT; Nasdaq: ESLT) subsidiary FUSE has bought 100% of Israeli technology company Blue White Robotics (Bluewhite), a…
Wix CEO regrets staff heard about changes from media
In the wake of "Globes" report on Sunday that Wix is set to lay off 800-1,000 employees, cofounder and CEO…
Duniec, Dan Real Estate mull NIS 4b merger
Listed company Duniec Bros. (TASE: DUNI) and privately-held Dan Real Estate are in talks on a share-swap merger deal, according…
Shekel gains sharply despite interest rate cut
Whoever thought that the Bank of Israel’s decision to cut the interest rate would halt the appreciation of the shekel…
