By Steven ScheerJERUSALEM, – Requests to relocate abroad by Israelis working at multinational companies operating in Israel rose in the past year in reaction to Israel’s two-year war against Palestinian militant group Hamas, a report showed on Sunday.The Israel Advanced Technology Industries Association found that 53% of companies reported an increase in relocation requests from Israeli employees, noting this was “a trend that may, over time, harm the local innovation engine and Israel’s technological leadership.”The tech sector accounts for about 20% of Israel’s GDP, 15% of its jobs and more than half of its exports. The hundreds of multinationals in Israel include Microsoft, Intel, Nvidia, Amazon, Meta and Apple.DISRUPTIONS IN SUPPLY CHAINSIn its annual report, IATI also said some multinational companies are examining the transfer of investments and activities to other countries.”In some cases, companies that faced disruptions in supply chains found alternatives outside Israel during the war, and when these proved efficient, there is a risk that activity will not fully return,” said the report, issued at a meeting led by IATI CEO and President Karin Mayer Rubinstein.At the same time, it added, there has been an increase in demand for relocation among senior executives and families, with more employees applying for positions outside Israel.Still, the report noted that multinationals view the Israeli tech ecosystem through a long-term lens and many firms have thrived during the war.TECH SECTOR ‘PROVES ITS RESILIENCE’Some 57% of companies maintained stable business activities throughout the fighting, and 21% expanded their operations in Israel, “a figure that indicates continued confidence in local activity and the Israeli ecosystem even under conditions of uncertainty,” IATI said.Another 22% of companies reported damage to business activity during the war, which began on October 7, 2023, triggered by Hamas’ raid on Israel, and ended two months ago following a U.S.-led ceasefire deal.”Even during the difficult war, the Israeli high-tech industry, including the global companies operating in Israel, once again proved its resilience and its ability to lead in innovation and creativity,” said Rubinstein. “We work tirelessly to ensure that Israel continues to be an attractive hub for the activity of multinational companies.”IATI noted that “without active steps by the state to create regulatory and geopolitical stability, there is concern about gradual erosion in the stability of the local ecosystem.”This article was generated from an automated news agency feed without modifications to text. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Israel’s tech sector reports growing number of staff seeking to move abroad
