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Economic Times
a day ago
- Economic Times
Amdocs layoffs 2025: Why this IT giant is cutting hundred of jobs?
Synopsis Amdocs is set to lay off hundreds of employees globally, including in Israel, as it strategically pivots towards artificial intelligence. The company has announced a new GenAI & Data division to integrate AI across its operations, marking a shift from previous layoffs driven by performance to a focus on technological transformation. Agencies Amdocs layoffs 2025 Israeli software and services company Amdocs is planning to lay off hundreds of employees worldwide as part of a strategic push toward artificial intelligence (AI). As per reports, the company announced a new GenAI & Data division, which will integrate AI across its previous workforce reductions, which were tied to performance or cost optimization, this latest round reflects a technological transformation aimed at embedding AI into Amdocs' core offerings. The GenAI & Data division will bring together engineering, strategy, product, and go-to-market teams under one structure. It is headed by Ilan Sade, Senior Vice President, and has been in development for two division is designed to enhance performance, accelerate innovation, and create added value for clients by embedding AI into the company's products and has not confirmed the exact number of job cuts, but reports suggest hundreds of employees globally, including in Israel, will be affected. The company has about 29,000 employees worldwide, with roughly 5,000 in Israel. This is the fourth major layoff at Amdocs in three years. In 2023, the company cut 2,700 jobs in two rounds, followed by 1,500 layoffs in 2024. Unlike earlier reductions, the current restructuring is driven by AI strategy rather than performance or move reflects a broader trend in the technology sector. Firms such as Microsoft and Intel have reduced headcounts while expanding AI investments. In the first seven months of 2025, tech companies worldwide eliminated over 89,000 jobs, with nearly half linked to AI-driven restructuring.
Time of India
a day ago
- Time of India
Amdocs layoffs 2025: Why this IT giant is cutting hundred of jobs?
Israeli software and services company Amdocs is planning to lay off hundreds of employees worldwide as part of a strategic push toward artificial intelligence (AI). As per reports, the company announced a new GenAI & Data division, which will integrate AI across its operations. Unlike previous workforce reductions, which were tied to performance or cost optimization, this latest round reflects a technological transformation aimed at embedding AI into Amdocs' core offerings. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Amdocs GenAI & Data Division: A Strategic Shift The GenAI & Data division will bring together engineering, strategy, product, and go-to-market teams under one structure. It is headed by Ilan Sade, Senior Vice President, and has been in development for two years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tiger meeting her former zookeeper after 5 years. See what happens next! Story To Hear Undo The division is designed to enhance performance, accelerate innovation, and create added value for clients by embedding AI into the company's products and services. Layoffs: A Consequence of AI Transformation Amdocs has not confirmed the exact number of job cuts, but reports suggest hundreds of employees globally, including in Israel, will be affected. The company has about 29,000 employees worldwide, with roughly 5,000 in Israel. Live Events This is the fourth major layoff at Amdocs in three years. In 2023, the company cut 2,700 jobs in two rounds, followed by 1,500 layoffs in 2024. Unlike earlier reductions, the current restructuring is driven by AI strategy rather than performance or profitability. Amdocs' move reflects a broader trend in the technology sector. Firms such as Microsoft and Intel have reduced headcounts while expanding AI investments. In the first seven months of 2025, tech companies worldwide eliminated over 89,000 jobs, with nearly half linked to AI-driven restructuring.
United News of India
3 days ago
- United News of India
Wipro leverages an integrated cloud platform in a strategic project for AusNet
New Delhi, Aug 11 (UNI) Wipro announced a project completion for AusNet, which is Victoria's diversified energy network business, by using technologies including 'RISE with SAP S/4 HANA Cloud Private Edition.' 'RISE with SAP S/4 HANA Cloud Private Edition' is a comprehensive setup that provides customized enterprise resource planning (ERP) solutions for businesses looking to modernize their SAP systems. AusNet is responsible for transmitting and distributing energy in Victoria, Australia. The organization uses advanced technologies, including Amazon Web Services (AWS), SAP, Databricks, etc. Tech major Wipro also said the program was delivered ahead of schedule because of replacing legacy systems with an integrated modern cloud platform. Chris Galland, CTO, AusNet, said, ' We worked collaboratively with our partners and internal teams both onshore and offshore to ensure our customers, field teams, and retailers had a seamless experience throughout the cutover window.' This program was completed by Wipro in just 18 months and set a new benchmark for ERP upgrades. Moreover, this project also achieves high operational efficiency through the successful deployment of geospatial mapping tools. Ketan Panchal, Managing Director and Country Head for Australia, Wipro, said, ' The seamless collaboration between AusNet, SAP, and Wipro has resulted in a transformative upgrade for AusNet's digital infrastructure. ' ' Wipro's expertise lies in navigating businesses through their digital transformation journeys and unlocking potential by integrating cutting-edge technologies, industry-focused solutions, and AI-powered devices,' Panchal added. UNI SAS BM
