Amdocs Raanana (Photo: Igal Vaisman/ Shutterstock)
Amdocs, the software giant, is gearing up for another round of layoffs affecting 5%-10% of its global workforce of 29,000 employees, according to sources at Calcalist.
Hearings are slated to begin in Israel and worldwide in the coming weeks. This latest wave of job cuts follows the company's separation from 2,700 employees in 2023 alone.
With approximately 5,000 employees based in Israel, a significant number are expected to be impacted by these impending layoffs.
Globally valued at $9.7 billion, Amdocs previously downsized its HR division earlier this year, letting go of 100 employees.
* Calcalist contributed to this report