Massive Layoffs: Well-Known Company Winds Down Operations in Israel

LinkedIn is closing its research center in Israel, cutting 35 employees. The center was established after the acquisition of startup Oribi for $90 million. The commercial office with 15 workers will continue operations. The article also cites a study on job resilience to automation: nurses and teachers are most protected, while salespeople and drivers are at risk.

Global platform LinkedIn has decided to close its research and development center in Israel, leading to the layoff of 35 specialists who worked at the local office. The center was launched four years ago following the acquisition of Israeli startup Oribi for $90 million. Engineers were engaged in developing advertising and marketing technologies. There will be no complete exit from the market: the commercial office with a staff of about 15 people will continue operations, focusing on promoting business products and recruiting services. In May, the company already conducted global layoffs of 5%. The article then moves to a Visual Capitalist study on AI's impact on the labor market: most resilient to automation are nurses (82.2 points), elementary school teachers (70), construction workers (53.2), while those at greatest risk include wholesale sales specialists (26.1), truck drivers (36.0), and warehouse workers (29.9). The study's author is Julie R. Peasley.