In Israel, the dismissals are set to begin after the holidays and will likely include several hundred employees out of the 11,000 employees in Haifa, Petah Tikva, Jerusalem, and Kiryat Gat.
https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-825444
It’s always interesting to see how people respond in a completely anonymous forum. Intel Israel just needs to complete the cut to be in line with the regular 15% world wide. About half that amount tool the CPM. And btw our tax money is about 0.5% of Israels economy, we use it more for our advantage than they really need it. It’s our political back they need more than anything not money.
The numbers are on par with all other geos. This article isn’t really “news” to this forum…
The grant the U.S. government gave to Intel might be helping them not having to layoff a proportionate number of employees in Israel.
Sounds like they are getting off easy... again. 15% of 11K employees would be 1650.
Your sophomoric comment is mildly appetizing only because it’s smothered with your ignorance.
Those laid off employees can rest assured our tax dollars will support them.