Israeli Start-Ups Fleeing Amid Judicial Overhaul: Survey Unveils Concerns
A survey conducted by Start-Up Nation Central reveals that a significant number of Israeli start-up companies are taking measures to mitigate risks, including withdrawing cash reserves, relocating their headquarters outside of Israel, moving employees abroad, and conducting layoffs. Concerns about the ongoing civil unrest and judicial reform legislation have led to a growing trend of changing headquarters locations, with 8% of companies already relocating and 29% intending to do so in the near future. Additionally, a growing number of Israeli investors are considering or have already started investing in foreign companies, indicating a shift in investment strategies. The survey also highlights negative sentiment regarding the judicial reform's impact on the Israeli economy, with 78% of company executives and 84% of investors expressing concerns.