SupportUS

Amdocs Layoffs

July 2023

Amdocs announced a layoff affecting 2,000 employees (6% of its workforce) in July 2023. The company operates in the Support sector.

People Affected

2,000

Percentage

Announced Date

Jul 6, 2023

About

Amdocs, a global software company with around 31,000 employees, is conducting another significant round of layoffs, cutting approximately 2,000 positions, which represents about 6.5% of its workforce. This follows a previous reduction of 700 employees earlier in the year. Despite reporting positive financial results and growth in recent quarters, the company cites ongoing assessments of global macroeconomic conditions as the reason for these efficiency measures. The layoffs, announced in July 2023, reflect broader trends in the tech industry, even as Amdocs maintains a strong market position with a nearly $12 billion valuation.