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Bookstore CEO Laments Staff Shortage Amid Layoffs

By רותם שטרקמן, ירדן בן גל הירשהורןUpdated 22 hours ago
Translated & summarized from TheMarker by baba
The story · English

Avi Shomer, CEO of the Israeli bookstore chain Tzomet Sfarim, stated that if he had more employees, the company could achieve an additional NIS 100 million in annual sales. Shomer's comment came in the context of widespread layoffs in the tech sector, noting that while companies like Wix are letting people go, he struggles to find qualified candidates, receiving only 200 resumes.

Shomer, who previously sold his business to Falic, expressed frustration with the difficulty of hiring, contrasting the current situation with the abundance of job seekers he has encountered. The article touches upon various other topics, including a successful urban renewal project in Jerusalem that is causing controversy among the Haredi community, concerns about students' ability to understand utility bills, the high price of a gaming console due to the anticipated release of GTA 6, and important information for parents regarding autism in 2025.

Additional segments discuss investment opportunities in Poland, a guide for Israeli investors on the S&P 500 index, how a bank index ETF functions, recent fluctuations in the dollar-shekel exchange rate, and financial revelations about Sunflare, which reportedly generated $4 billion in revenue and significant profits. The article also mentions an upcoming $500 million investment by Moore in an Israeli casino game company, Michael Rokhvarger's involvement, and a discussion on declining housing prices in Tel Aviv and Jerusalem.

Read the original at TheMarker
Full coverage · 2 outlets
First: TheMarker · Sep 18

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