The Israeli Technology Industries Association warns of an increase in requests from Israeli employees to relocate abroad due to the ongoing Gaza war, which may harm local innovation. 53% of multinational companies are considering relocating their investments, although 57% of them continue to operate stably. The sector faces disruptions in supply chains and fears of erosion of business environment stability.
The Israel Advanced Technology Industries Association (IATI) stated that 53% of multinational technology companies reported an increase in requests from Israeli employees to relocate abroad.
The association warned that this reflects a "trend that may harm over time the engine of local innovation and Israel's technological leadership", due to the Israeli war on the Palestinian Gaza Strip, which lasted two years.
53% of multinational companies are considering relocating their investments, although 57% of them continue to operate stably.
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Implications of the Gaza War on Technology Companies: Employees Want to Leave Israel