Yiftach Mandelbaum

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Articles

HPE Axis acquisition talks began before judicial reform

Mar 6, 2023 | en.globes.co.il | Yiftach Mandelbaum

Gil Raanan, founder of Cyberstarts, the first investor in Axis, is concerned the deal will be cynically used to pretend that everything is normal in Israel, when it is not. Israeli tech entrepreneur Dor Knafo was in the headlines last week following the sale of Israeli cloud security company Axis Security to HPE Aruba for an estimated $400-500 million. Axis cofounder and CEO Dor Knafo was born in Ashdod and served in the Israeli army 8200 intelligence unit.
Cybersecurity co Wiz raises $300m at $10b valuation

Feb 27, 2023 | en.globes.co.il | Assaf Rappaport |Yiftach Mandelbaum

Israeli cloud cybersecurity company Wiz today announced the completion of a $300 million Series D financing round at a company valuation of $10 billion.
Wix lays off an additional 370 employees

Feb 15, 2023 | en.globes.co.il | Yiftach Mandelbaum

Israeli cloud-based web development services company Wix.com Ltd. (Nasdaq: WIX) yesterday laid off 370 employees, most of them in the customer services department in the US. Wix president Nir Zohar wrote to employees detailing some of the reasons leading to the latest move.
eBay laying off several dozen employees in Israel

Feb 8, 2023 | en.globes.co.il | Yiftach Mandelbaum

US e-commerce giant eBay has announced that it is laying off 500 employees, representing 4% of its global workforce. The company has 300 employees in Israel and is laying off several dozen employees who have already received notification of their dismissal. In a letter sent by eBay CEO Jamie Ianonne he claimed that the company decided to make the cuts due to the global macroeconomic situation in recent months.
Intel cuts management pay

Feb 1, 2023 | en.globes.co.il | Intel Kiryat Gat |Yiftach Mandelbaum

Yesterday, Intel Corporation announced cuts in compensation for senior and middle managers, after releasing weak quarterly financials. The move will affect thousands of employees in Israel at grade seven and upwards in the company’s internal classification. Senior managers, such as divisional managers who report directly to the CEO will have their pay cut by 15%, while the basic pay of the CEO himself, Pat Gelsinger, will be cut by 25%.