[48143] Tech giant LG is closing its operations center in Israel and laying off its employees

Tech giant LG is closing its operations center in Israel

Turmoil in the Israeli high-tech sector: The Korean giant LG has decided to close its technology center in Israel immediately. According to Geektime, which specializes in covering the world of technology and startups in Israel, this is a surprising and unilateral move.

Reports indicate that the decision was communicated to employees in a cold and detached manner. As reported by Geektime, the company "closed the Israeli center and laid off the employees in a video call." The additional channel Technology - The Leaker also confirmed the details regarding the layoffs via the remote communication platform.

As of now, no official details have been provided regarding the reasons that led the Korean management to this dramatic move, or about the fate of the projects that were managed at the Israeli center. We will continue to follow developments on the subject.