Israeli High-Tech Salaries Jump 11% to Over $10,000 Monthly
Translated & summarized from TheMarker by baba
The average monthly salary in Israel's high-tech sector has risen by 11% to over NIS 38,000 (approximately $10,300 USD). Despite this growth, some tech companies like PayPal and SanDisk are implementing layoffs in Israel.
The story in 4 lines · by baba
- Israeli high-tech salaries increased 11% to over NIS 38,000 monthly.
- PayPal and SanDisk announced layoffs affecting Israeli employees.
- Doctor salaries are also discussed, with potential for high earnings.
- Other financial and real estate news items are included.
The average monthly salary in Israel's high-tech sector has surged by 11% to exceed NIS 38,000 (approximately $10,300 USD), indicating continued growth in the industry. This figure highlights a robust compensation landscape for tech professionals, even amidst broader economic shifts.
The article also touches upon other financial and professional developments, including the salaries of doctors, with a mention of how junior doctors (stajers) can progress to earning NIS 100,000 monthly. It references a sentiment that the 'party in high-tech is not over,' despite some companies like PayPal and SanDisk announcing layoffs in Israel, affecting 20-25% of PayPal's workforce and dozens of employees at SanDisk respectively.
Further diversification in career paths is noted, with individuals leaving established high-tech careers after two decades to pursue fields like law. The piece also includes unrelated items such as investment guides for the Polish stock market and S&P 500, information on dollar-shekel exchange rates, a NIS 50 million apartment sale near the Western Wall, and a lawsuit by 38 apartment buyers in Netanya.
