The paper reported that in recent weeks there has been a surge in layoffs across Israel’s technology industry.
While some firms claim the cuts are part of global restructuring to improve efficiency, in occupied territories the pace has been markedly faster.
The prolonged conflict and mounting international pressure to cut investment in Israel have compounded the decline in the tech sector.
The contraction is also hitting support industries such as restaurants, retail, and other services tied to technology hubs.
During years of growth, office complexes were built across Israeli occupied lands in places like Bnei Brak, Ra’anana, Herzliya, Kfar Saba and Holon to attract high-tech firms.
These companies not only generated major revenues but also sustained thousands of secondary jobs.
Now, reduced demand for office space, partial shifts to remote work, and mass layoffs are triggering waves of business closures and leaving empty properties across Israel.
Some projects, especially outside Tel Aviv, never secured tenants at all; construction was halted midway, leaving unfinished “shell” buildings abandoned.
With war dragging on, authorities are moving to impose new property taxes on these deserted sites, claiming they are “fully built,” even as large swathes of Israel’s once-boasted technology sector collapse under isolation and investor flight.