Intel staff in Israel staff could face another wave of layoffs |
Intel, the US chipmaker which is one of Israel's largest employers, is reportedly planning to lay off over 1,800 employees in Israel as part of a global workforce reduction of more than 20%. Currently, Intel employs 9,350 people in Israel, down from nearly 12,000. Yael Belgrai Cohen, head of high-tech at Dun & Bradstreet Israel, said: “Israeli high-tech has been in much uncertainty during the last two years,” as he highlighted ongoing restructuring in the industry. Despite the layoffs, experts believe that the shortage of engineers in Israel may enable affected employees to find new opportunities quickly. |
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