Amdocs Lays off 700 employees – 3% workforce

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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.

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