Is the high-tech bubble bursting? ‘Black day’: more than 500 employees were fired from this morning

by time news

black day: Today (Sunday) two hi-tech companies announced the layoffs of more than 500 employees.

According to a report in ‘Khan Haudas’, the first was the Ashurion company, the global tech-care giant that purchased the Soluto company about a decade ago – which announced that as part of internal reorganization processes it had decided to close the company’s development center in Israel.

As part of the decision, 120 Soloto employees will in the coming months receive extended retirement bonuses above the usual standard in the industry, to provide them with a safety net and support. About 40 employees will continue to work in the company until the end of the year.

It should be noted that among the beneficiaries of the company’s sale deal in 2013, was Naftali Bennett who served as Soloto’s CEO for a few months more than a decade ago, and received several millions in the deal.

According to the report, Aid Genomics, a leading international company in the field of diagnostics from Singapore and owner of an extensive development and activity center in Israel, announced today the removal of its research and development activities from Israel and the cessation of future investments.

The company, which has an extensive medical activity in Israel, announced a substantial reduction of the activity in Israel, the transfer of its research and development center from Israel to abroad and the halting of new investments planned in Israel.

At the same time, the company began procedures to reduce personnel to the minimum required to meet its contractual obligations in Israel. As part of the downsizing procedures the company has begun, no less than 400 employees of the company in Israel will be laid off.

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