Despite being in a good financial position, Amdocs has decided to cut its workforce by 3%, laying off a total of 700 employees, including 100 in Israel.
Amdocs has never been shy of making layoffs, firing around 1,000 of its 25,000 employees following the outbreak of Covid-19, including several hundred employees in Israel.
Amdocs currently employs around 5,000 employees in Israel, around a sixth of its global headcount. The company stated that it is continuing to recruit for numerous positions despite cutting back on other jobs.
