Unemployment
AI spending spree hits $600b as Oracle fires 21,000 employees to fund boom
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.
monday.com to cut 20% of global workforce, more than 600 employees to be laid off
Relocate or resign: Samsung gives hundreds of US employees an ultimatum
The labor market has not yet recovered from the war
Jerusalem businesses still struggling to hire workers
Restaurants and other businesses with low-skilled workers are having trouble hiring because the government's coronavirus safety net promises job seekers up to 70% of their original.
Israel's unemployment rate falls to 7.9% as country emerges from COVID-19
That figure includes people on temporary leave from their place of work due to the pandemic.
One in two people globally lost income due to the pandemic
The COVID-19 crisis has hit workers across the world; about 1.7 billion adults globally said they temporarily stopped working at their job or business due to the pandemic.
Israel's new unemployment plan takes COVID-19 into account
Speaking to 103FM Radio on Monday, the head of the National Insurance Institute detailed the new plan to assist those still unemployed starting from June.
Remote work will bring more ultra-Orthodox to hi-tech - survey
The shift is heartening for a sector that is suffering from a shortage of good talent.
Unemployment in Israel drops below 10% for first time since pandemic
If unemployment drops below 10%, benefits will be reduced by 10% – and if the rate drops below 7.5%, the program will be canceled completely.
Public companies save 8% of payment costs due to unpaid leave - report
According to the report's authors, this shows that the unpaid leave model was ineffective at what it set out to do.
COVID-19: What happens when Israel's unpaid leave program ends June 30?
As of this week, more than 547,000 people are still out of work according to Israel Employment Services, a bit less than 10%, despite the reopening of the economy.
New York rabbis celebrate approval of $2.1 billion Excluded Workers Fund
The letter quoted The Torah to make its case, stating that "You shall not abuse a needy and destitute laborer, whether a fellow countryman or a stranger in one of the communities of your land.”
Amazon acknowledges issue of drivers urinating in bottles in apology
The company said the issue was industry-wide and it would look for solutions, without specifying what these might be.
