What Happened
Defense Giant Prepares Workforce For Technological Change
Israel Aerospace Industries is slowing its hiring pace despite strong demand, as it assesses the impact of artificial intelligence on its workforce. According to Yair Katz, chairman of the company’s workers’ union, IAI is preparing employees for technological change through training and professional development to avoid layoffs. The company is also planning an initial public offering, which is expected to provide additional financial resources for innovation and research. This development was reported by an unknown source.