Amdocs, the Nasdaq-listed software and services provider, is preparing to cut between 2,700 and 3,000 jobs worldwide. That represents roughly 10% of its 29,000-person workforce, with hundreds of those cuts expected in Israel, where the company employs around 5,000 people.
The layoffs are being driven by a strategic reorganization under Shimie Hortig, who took over as President and CEO on March 31, 2026. He replaced Shuky Sheffer, who had led the company for eight years. Hortig’s mandate, it seems, is to reshape Amdocs around artificial intelligence, including the creation of a new AI-focused division.
A pattern, not a pivot
Amdocs eliminated approximately 2,700 positions in 2023 and more than 1,500 roles in 2024. If the current round lands at the high end, the company will have shed north of 7,000 jobs across three years.
The financials tell a mixed story
