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IT Services Provider GalilCS to Shut Down

Brief

IT Services Provider GalilCS to Shut Down

All 70 of the company’s employees are facing dismissal

Meir Orbach | 13:49, 28.06.18
GalilCS, an IT services provider based in Israel, is preparing to lay off all 70 of its workers and file for liquidation, people familiar with the matter told Calcalist.

The five-year-old company is controlled by Shamir, a kibbutz town in Israel’s northern Galilee region, which is known more for its agricultural output than for its tech industry.

After having raised at least $9 million through its history, GalilCS failed to raise enough new investment in order to expand and stay competitive.

Pesah Galon. Photo: Tomeriqo Pesah Galon. Photo: Tomeriqo Pesah Galon. Photo: Tomeriqo

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