Unemployment

AI bet goes awry: Oracle fires 21,000 employees

Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.

Larry Ellison, Co-Founder and Chief Technology Officer of Oracle
monday.com's co-CEOs, Roy Mann and Eran Zinman

monday.com to cut 20% of global workforce, more than 600 employees to be laid off

Samsung

Relocate or resign: Samsung gives hundreds of US employees an ultimatum

The waiters and gardeners returned, the high-tech workers stayed home. Job fair

The labor market has not yet recovered from the war


As employment rates rise, Israeli economists sound note of cautious optimism

Latest figures show August employment rate is the country’s highest in four years, but fears of a global recession remain.

VARIOUS ISRAELI banknotes are displayed for an illustrative photo. The economy is well on its way to the pre-pandemic standards of budgetary discipline.

Jerusalem: A city bound by poverty

What are the reasons for the capital's situation, and is there a viable way to improve it soon? The first in a series on Jerusalem’s socioeconomic status.

 ABOUT 41% of Jerusalem families suffer from poverty, compared to about 20% in the rest of the country.

A year in, has this government made an impact on the economy?

As we light a solitary birthday candle for Bennett’s current government, here’s a look at a few key factors in the Israeli economy in retrospect.

 Finance Minister Avigdor Liberman chats with Prime Minister Naftali Bennett at the weekly cabinet meeting in Jerusalem on March 20.

End of the line for business owners in Tel Aviv Central Bus Station

Over 1,000 employees face unemployment when Tel Aviv Central Bus Station is closed next month. For business owners who cannot relocate, this means the destruction of their livelihood.

Business owners in the Tel Aviv Central Bus Station are waiting for answers

Plan to offer unemployment benefits for self-employed workers approved

While salaried workers are entitled to unemployment benefits when they lose their livelihoods, self-employed workers are not currently eligible for such benefits.

 Israeli self-employed protest the lack of financial support from the Israeli government in times of Corona, when many find themselves unemployed, on Rothschild Boulevard in Tel Aviv, July 7, 2020.

Can there be harmony at work? After COVID-19 millions want nothing less

SOCIAL AFFAIRS: Millions of people worldwide have left their jobs over COVID-19 in what has been called the ‘Great Resignation.’

PATRONS OF A Jerusalem cafe. The pandemic gave people a chance to take stock of and reimagine their lives, said Dr. Talya Miron-Shatz, founding director of the Center for Medical Decision Making at Ono Academic College.

Taliban government offers Afghans wheat for work as money dwindles

Officials on Sunday announced a public works program under which 66,000 tons of wheat will be distributed to laborers, bypassing a financial system that is close to collapse.

Members of Taliban forces ride on a pick-up truck mounted with a weapon in Kabul, Afghanistan, October 3, 2021.

Unemployment in Israel: August data gives mixed picture

The broad unemployment rate in Israel reached 7.8 percent in the second half of August — An improvement for the first half of August, but a decline from July.

A beggar sits and asks for money amid the coronavirus crisis, Jerusalem, 2020

More workers quit their jobs during coronavirus - report

The percentage of job seekers who had quit their jobs was 22.3% in 2020, and currently stands at 22.6%, compared to 16.1% a year earlier and just 12.3% in 2014.

 Israeli self-employed protest the lack of financial support from the Israeli government in times of Corona, when many find themselves unemployed, on Rothschild Boulevard in Tel Aviv, July 7, 2020.

Number of Israeli job seekers drops 35% in July

The number of job seekers in Israel dropped by more than 35 percent in July to 291,000, Israel Employment Services (IES) said Monday.

OUTSIDE THE Jerusalem Employment Office