Job Cut: US-headquartered software and communications services provider Amdocs is reportedly laying off 2,000 employees, which is about 6.5 per cent of its workforce.

In Israel where it was founded in 1982, Amdocs will cut 200 jobs, a reduction of about 4 percent, according to a report by Israel-based website Calcalist.

Amdocs said in a statement that like other leading global, it “constantly assesses global macroeconomic conditions and takes appropriate measures to ensure continued growth”.

“As part of this, in line with our strategic plan, we periodically initiate efficiency processes while maintaining investments in areas of growth,” said Amdocs, which has approximately 31,000 employees worldwide.

This is the second round of layoffs at Amdocs this year.

In January, the company announced it would lay off 700 employees, 100 of whom are in Israel, representing 2.3 percent of its workforce.

In May 2022, Amdocs announced the acquisition of MYCOM OSI, a UK-headquartered SaaS-based cloud network and service assurance solution for communications service providers, for $188 million.

Amdocs specializes in software and services for communications, media and financial service providers and digital enterprises.

Rahul Dev

Cricket Jounralist at Newsdesk

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