""The relocation risk poses a direct threat to Israel's innovation engines," the NGO said, adding: "A significant wave of employee departures could undermine local innovation capabilities and weaken Israel's technological leadership." The report found recruitment increases among multinationals in Israel had nevertheless exceeded decreases during the war, which it said highlighted the "organizational resilience and continued investment in talent" from these companies."
"The data came from a mix of industry reports and public sources, as well as surveys and interviews with tech executives in multinational entities, the IATI said. Israel's tech sector is a key driver of its economy. The Israel Innovation Authority, a government body, said the tech industry contributed one-fifth of the country's GDP in 2023. It labeled the high-tech sector "the shock absorber of the Israeli economy.""
Security and geopolitical concerns amid the Israel-Hamas war have driven a marked rise in employee relocation requests at multinational tech firms in Israel. 53% of multinational companies experienced increases in relocation requests over the past year. Some of the world's largest tech firms maintain operations in Israel, employing a substantial skilled workforce across roughly 430 multinationals and about 90,000 high-skilled employees. Recruitment by multinationals increased overall despite elevated relocation requests, indicating organizational resilience and continued investment in talent. Data sources include industry reports, public records, surveys, and executive interviews. The tech sector accounted for one-fifth of Israel's GDP in 2023.
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