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More Israeli tech workers want to relocate abroad, report says
The Israel Advanced Technology Industries Association reports 53% of firms saw rising employee relocation requests due to war-related disruptions and security concerns.
- Israel Advanced Technology Industries Association found 53 percent of companies reported increased relocation requests by Israeli employees at multinational companies operating in Israel in the past year.
- Dating to October 7, 2023, the conflict ended two months ago after a U.S.-led ceasefire, while supply-chain disruptions led firms to seek alternatives outside Israel, risking permanent shifts.
- Despite disruptions, IATI reported that 57% of companies maintained stable activity and 21% expanded in Israel, while 22% experienced damage, reflecting sector resilience amid war.
- Some multinational companies are examining transferring investments abroad as IATI warned that without the Israeli state’s regulatory steps, the local ecosystem may erode amid rising relocation demand from senior executives and families.
- Many multinationals including Microsoft, Intel, Nvidia, Amazon, Meta and Apple operate in Israel amid ongoing construction in Tel Aviv, as IATI reports long-term resilience despite conflict.
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Relocation Surge Amidst Conflict: Israeli Tech Workforce Mulls Foreign Shores
The Israel Advanced Technology Industries Association reports a rise in relocation requests from Israeli employees at multinational firms due to the conflict with Hamas. This trend may impact Israel's tech ecosystem, as firms explore alternative locations. However, many companies have maintained or expanded their operations, emphasizing resilience.
·India
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Requests for relocation abroad by Israelis working for multinational companies operating in Israel have increased in the last year, as a result of Israel's two-year war against Hamas,...More...
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Total News Sources9
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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