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How Neocon Billionaire Paul Singer Is Driving the Outsourcing of US Tech Jobs to Israel

submitted by allahead to whatever 3.2 yearsMar 1, 2022 13:04:34 ago (+8/-0)     (archive.md)

https://archive.md/alZZK

To make matters worse, many of these top tech companies shifting investment and jobs to Israel at record rates continue to collect sizable U.S. government subsidies for their operations while they move critical aspects of their business abroad, continue to layoff thousands of American workers, and struggle to house their growing company branches in Israel. This is particularly troubling in light of the importance of the tech sector to the overall U.S. economy, as it accounts for 7.1 percent of total GDP and 11.6 percent of total private-sector payroll.

Furthermore, many of these companies are hiring members of controversial Israeli companies — known to have spied on Americans, American companies, and U.S. federal agencies — as well as numerous members of Israeli military intelligence as top managers and executives.


1 comments block


[ - ] bonghits4jeebus 1 point 3.2 yearsMar 1, 2022 19:01:25 ago (+1/-0)

When have there been regular bouts of layoffs in the "tech industry." Everyone I know quit to make more money somewhere else.