About 200 of the company’s 5,000-strong workforce are expected to be laid off.
Software company Amdocs (Nasdaq: DOX) will lay off thousands of its 32,000 workforce worldwide, according to market sources. Amdocs employs about 5,000 people in Israel, of whom about 200 will go, 4% of the Israeli workforce.
Amdocs said in a statement: “AMdocs, like other leading global companies, routinely examines the global macroeconomic situation and acts appropriately in order to ensure continued growth. Accordingly, from time to time we launch streamlining operations, while continuing to invest in areas of growth.” , in line with our strategic plan.
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The company’s round of layoffs is the second this year. In January, the company announced that it would lay off 700 employees, 100 of whom are based in Israel, representing 2.3% of its workforce.
Published by Globes, Israel business news – en.globes.co.il – on July 6, 2023.
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Amdocs Park credit: Oron Golkruv