Geek Shortage Stymies Israeli Tech BoomJun. 9, 2015
Israel's technology miracle is threatened by a dearth of people in the very professions that made it happen: engineers and computer scientists.
Companies such as the U.S. units of SanDisk and Broadcom say finding qualified workers is one of their biggest problems. And the shortage may worsen as fewer students sign up for the most advanced math classes, the building block for tech careers. This in an economy whose health depends on exports—about one-third of them from technology companies.
"Filling job openings is one of my top problems,'' says Shahar Bar-Or, Israel site manager for SanDisk, a data-storage chip company. "We don't leave any stone unturned.''
Now 10,000 engineers are needed on top of the current 20,000 to ensure that the sector can grow, says Yoav Chelouche, co-chairman of Israel Advanced Technology Industries, an umbrella association. There weren't enough qualified software developers to fill all job openings in 2013 and 2014, the Central Bureau of Statistics says, and engineers were in short supply for five out of eight quarters in the same period.
For the full Bloomberg Business news item click here.
See also: a Hebrew version in Globes.