Microsoft grants Israeli employees special war allowance

Microsoft's Herzliya campus  credit: Amit Garon
Microsoft's Herzliya campus credit: Amit Garon

Among other benefits, the US software giant will give each of its Israeli employees $3,000.

US software giant Microsoft, which has some 3,000 employees in Israel, informed them by email today that it intends to give each of them $3,000 for their personal use, because of the war in the Gaza Strip.

The message, from Michal Braverman-Blumenstyk, managing director of the Microsoft Israel R&D Center to the center’s 2,800 workers, and by Alon Haimovich, Microsoft’s Israel country manager to Microsoft’s other employees in Israel, states: "You have again proved to us what we already knew - you’re amazing. You are going through this hard and complicated period while continuing to carry out wonderful teamwork, to develop innovative products, and to support those close to you and the community as a whole."

The message further states: "In the light of the difficulties that the period of warfare presents, we are offering employees in Israel am allowance of $3,000, that can assist you in meeting unexpected expenses because of the situation."

The message sets out other benefits that the company is making available to its employees in Israel, among them twenty days extra leave to look after a member of the immediate family who has been affected by the situation; reimbursement of temporary housing expenses for employees who have been forced to leave their homes; reimbursement of expenditure on psychological care; and group therapy within the company.

Microsoft thus joins other multinational companies such as Intel and Oracle that have announced special payments to their Israel employees because of the war.

Published by Globes, Israel business news - en.globes.co.il - on November 9, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Microsoft's Herzliya campus  credit: Amit Garon
Microsoft's Herzliya campus credit: Amit Garon
groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Liad Agmon credit: Eyal Izhar Insight Partners Liad Agmon steps down as managing partner

Serial entrepreneur Agmon has served as a partner at Insight Partners Israel alongside Daniel Aronovitz who set up the Israel office.

Shekels credit: Shutterstock Vladerina32 Shekel slide resumes amid escalating tariff war

The Bank of Israel is not expected to intervene in the forex market despite the sharp depreciation of the shekel.

Nir Zuk credit: Inbal Marmari Palo Alto Networks mulls buying AI security co for $700m

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Phoenix Investment House CEO Avner Hadad  credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018