A drastic step against the reform: the
CEO of Papaya Global, an international company owned by Israel, stops its activities in Israel.
CEO Einat Gaz tweeted: "Following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy, we have made a business decision at Papaya Global to withdraw all of the company's funds from Israel.
In the emerging reform there is no certainty that we can conduct international economic activity from Israel.
This is a painful but necessary business step."
Following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company's funds from Israel, in the emerging reform, there is no certainty that we can conduct international economic activity from Israel, this is a painful but necessary business step.
— Eynat Guez (@EynatGuez) January 26, 2023
Papaya Global is a software company based in Herzliya.
Developed a cloud-based system for employee management and payroll calculations for global corporations.
The company provides services to international companies such as Intel, McDonald's, Microsoft, General Electric, Wix, Faber, General Electric and hundreds of other companies around the world.
Papaya Global was founded in 2016 and currently employs about 500 people worldwide - the company also has offices in New York, Austin, London, Melbourne, Singapore, Hong Kong, Krakow and more.
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