Israel Business Management

Are we seeing the end of the recession, have we hit the bottom or is the worst still to come? Looking at recent headlines in Israeli business newspapers, it is still difficult to tell.

Cisco announced earlier this week that it would be laying off 700 additional employees in their corporate headquarters and an unreported number from Cisco Israel.

Flash Networks announced that they will be laying off 25% of their workforce. Is that a generic sign of economic weakness or is it specific to the telecommunications industry?

SanDisk reported a profit for the first time in a year, but gave a grim outlook to Wall Street.

The mixed news makes it hard to see what the future will hold.

I believe companies will play conservative with minimal hiring, keeping a firm hand on any variable expenses and continue to look towards a brighter future. We have not hit the time (yet) for loosening the belt and further hires (on a grand scale) with economic growth.

But, I am optimistic that we can see the light at the end of the tunnel.