Economy
War and Weak Shekel? Foreign Tech Companies Cut 4,400 Jobs in Israel in 2025
The ongoing war and low dollar exchange rate are eroding Israel's attractiveness to major corporations. The number of employees at foreign-controlled tech companies fell 4.4% to just 139,000, a loss of about 6,400 jobs since 2022. When considering all foreign companies outside tech as well, 15,000 jobs were cut in three years
· Source: TheMarker. Photo as published in the article
The ongoing war and low dollar exchange rate are eroding Israel's attractiveness to major corporations. The number of employees at foreign-controlled tech companies fell 4.4% to just 139,000, a loss of about 6,400 jobs since 2022. When considering all foreign companies outside tech as well, 15,000 jobs were cut in three years
