Along with layoffs, one-third of companies do not plan salary raises in 2023

A quarter of Israeli high-tech companies halted recruitment while another quarter plans to continue layoffs this year, a report said on Tuesday. 

According to a joint report by the Israel Innovation Authority and Start-Up Nation Policy Institute (SNPI), many firms are planning to cut their workforce by five percent. 

"When money pours in, more people are getting hired in a nutshell, and since the middle of last year, we saw a decline in investment," Dror Bin, CEO of the Israel Innovation Authority, told Reuters.... Read More: i24