Amdocs set to cut 1,500-3,000 jobs in new round of layoffs

Amdocs set to cut 1,500-3,000 jobs in new round of layoffs. The software giant is expected to lay off between 5%-10% of its global workforce.

Cyber propels Israeli startup funding, but is overdependence a risk? According to Startup Nation Central data, companies in Israel raised $5.1 billion in the first six months of the year, half of which came courtesy of cybersecurity companies. "Overdependence on cyber in the long term may come at the expense of other significant trends and opportunities for the ecosystem," said SNC CEO Avi Hasson.

Deel acquires Hofy for over $100 million, completes third purchase in five months. The current acquisition is part of Deel's strategic plan for 2024 to grow its workforce by more than 1,000 employees. Today, the company has over 4,000 employees in more than 100 countries, including 150 in Israel.

How 'energy islands' are shaping Israel's wartime energy security. Israel's energy transition plan has been in the works for years but took on greater urgency when war broke out on several fronts following deadly Hamas attacks in southern Israel on October 7.

Power failure: Has SolarEdge's crisis made it a takeover target? The company's value collapsed from $20 billion to $1.6 billion in about two years, making it a potential acquisition target. SolarEdge, which has no controlling owner, announced layoffs of 400 employees, half of them in Israel, causing its stock to continue to fall.