Israel's tech industry transforming

The high-tech industry in Israel is facing a severe crisis due to the declining value of the dollar and a wave of layoffs. Sixty-two percent of companies have announced layoffs, and twenty-nine percent have halted hiring altogether, with some activities being moved abroad. The rising value of the shekel against the dollar is increasing costs and reducing competitiveness. Meanwhile, companies are seeking to restructure by relying on artificial intelligence technologies, amid warnings that many companies could close in the coming months if current conditions persist.

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