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Reports: Over 500 high-tech employees fired today

Since this morning, more than 500 employees at two high-tech companies have been laid off, according to Hebrew-language media reports.

The Kan public broadcaster says Asurion has shuttered its Israeli development center, amid restructuring, resulting in 120 employees being fired.

The second company, Aid Genomics, announces a substantial reduction in its activity in Israel by moving its R&D center abroad, resulting in some 400 workers being laid off, Kan reports.

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