Amdocs Layoffs
January 2023
Amdocs announced a layoff affecting 700 employees (3% of its workforce) in January 2023. The company operates in the Support sector.
700
3%
Jan 2, 2023
About
Amdocs, a global software and services provider for communications and media companies, laid off 700 employees in early January 2023, representing approximately 3% of its total workforce. This decision came despite the company reporting strong financial performance, including a 20% stock increase and $4.58 billion in revenue for fiscal 2022. The layoffs, which included 100 positions in Israel where Amdocs employs about 5,000 people, were described as a measure to maximize flexibility and efficiency amid broader economic uncertainties. The company, which employs around 30,000 globally, stated it continues to recruit for other roles while implementing these cutbacks.
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