Over Half of Israeli Tech Companies Report Rising Employee Emigration, Threatening Innovation Leadership
According to the Economic Desk of Webangah News Agency, Israel’s tech sector faces a growing brain drain as 53% of companies report increased emigration requests from employees, according to findings by the Israel Advanced Technology Industries Association (IATI). The trend threatens to gradually erode the country’s local innovation engine and technological leadership.
The technology sector represents approximately 20% of Israel’s GDP, accounts for 15% of employment, and contributes over half of its exports. Major multinational corporations operating in Israel include Microsoft, Intel, NVIDIA, Amazon, Meta, and Apple.
IATI’s annual report indicates some multinational companies are considering relocating investments and operations to other countries. The findings were presented at a meeting led by Karin Mayer Rubinstein, CEO and President of IATI.
The report noted that companies facing supply chain disruptions during recent conflicts found alternatives outside Israel, raising concerns that some operations might not return even after stability is restored. Additionally, there’s been increased demand for relocation among senior executives and families, with more employees applying for positions abroad.
Without proactive government steps to ensure regulatory and geopolitical stability, IATI warns of growing concerns about the erosion of Israel’s domestic tech ecosystem stability.
