Amdocs plans to lay off 3,000 employees as part of AI-driven restructuring

By Editorial Team · Published May 31, 2026 · 2 min read · Source: Crypto Briefing

Amdocs plans to lay off 3,000 employees as part of AI-driven restructuring

The Israeli tech giant is cutting roughly 10% of its global workforce under a new CEO, marking the third consecutive year of significant headcount reductions.

Add us on Google by Editorial Team May. 31, 2026

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

Amdocs reported Q2 fiscal 2026 revenue of $1.17 billion, a 3.9% increase year-over-year. But the company has revised its full-year revenue growth expectations downward, now projecting growth between 2.6% and 4.6%.

Amdocs trades on the Nasdaq under the ticker DOX. It provides billing, customer management, and digital transformation solutions primarily for telecom operators and increasingly for financial services providers.

What this means for investors

Amdocs has shown limited direct engagement with cryptocurrency or decentralized finance initiatives. Its transformation appears squarely aimed at AI-driven efficiency rather than blockchain adoption.

Three consecutive years of layoffs at this scale is not a company fine-tuning around the edges. Hortig has roughly a year before investors start demanding evidence that fewer employees plus more AI equals better outcomes. The $1.17 billion quarterly revenue figure gives him some runway, but the narrowing growth forecast suggests that runway has a visible end point.

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