Blades Technology News Today

Cybersecurity firms suffer 60% decline in funding, while seed investments in Israeli startups grew by 22% in 2022, according to report by Start-Up Nation Central

8,000 tech layoffs in Israel last year was just the start. But the situation here is different from overseas and some companies are benefiting.

Global financial trends affected the market, experts say; no consensus on outlook for 2023.

The Israeli private equity firm is meeting with the management of the Nahariya jet engines blades manufacturing plant that Pratt & Whitney plans closing.

The Histadrut says its declaration of a labor dispute is aimed at making the company find a buyer, but that is practically mission impossible.

Histadrut labor federation declares work dispute ahead of closure of facility, formerly owned by the Wertheimer family

The factory in Nahariya will be closed in 2025 and the company said that it was being done due to financial considerations, following ongoing losses of the factory.

Together with his father, Stef Wertheimer, Eitan ran cutting tools company Iscar, which was sold to Berkshire Hathaway for $6 billion.