This study focuses on the formation of a transnational identity among immigrants from France who are employed in French‐speaking companies in Israel (mostly call‐centres). The preliminary qualitative analysis shows that this unique employment pattern contributes to the formation of their transnational identity, which is a combination of their francophone, Jewish and Israeli identity. The findings obtained from a larger‐scale online survey indicated that French immigrants employed in French‐speaking companies are more ethnically, socially and culturally segregated, and less fluent in Hebrew than French immigrants who are not employed in such companies. However, no significant differences were found between these two groups in their Israeli identity and sense of belonging to Israeli society. In general, the French immigrants feel at home in Israel, are satisfied with their life in Israel and plan to remain there. The implications of these findings for policymakers are discussed.