Hard Times Hit Israel's Tech Sector

Suddenly many are out of work as the global recession slams the country's largest export industry
Israeli President Shimon Peres (R), his son Chemi Peres (C) and visiting Steven A. Ballmer, CEO of Microsoft Corporation, during Ballmer's stopover in Israel to officially inaugurate the company's R&D center. JACK GUEZ/AFP/Getty Images

The number of résumés being e-mailed to Jobinfo, a leading Israeli high-tech recruitment company, has jumped by more than 50% in the past few weeks. Most are from recently laid-off workers in an industry that until not long ago was facing a manpower shortage. Several thousand have lost their jobs since the beginning of this month, and the number grows daily as the global recession starts to bite into Israel's largest export industry.

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