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Amdocs layoffs 2025: Why this IT giant is cutting hundred of jobs?

Amdocs layoffs 2025: Why this IT giant is cutting hundred of jobs?

Time of India7 hours ago
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.
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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.
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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.
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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.
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This man just gave KU $300 million, the largest gift in school history. Who exactly is David Booth? Here's his story
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Time of India

time27 minutes ago

  • Time of India

This man just gave KU $300 million, the largest gift in school history. Who exactly is David Booth? Here's his story

David Booth , an alumnus of the University of Kansas , has given the school an amazing $300 million donation. This is one of the biggest single gifts in the history of college sports. This record-breaking donation will change the future of Kansas football and help the school's entire athletic program in the long term. The money will be used to make the Jayhawks ' football facilities better and help the school's sports programs grow in the future. 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 This unprecedented funding will help speed up renovations to the stadium and create new sources of income, taking Kansas college sports to a whole new level. It also makes David Booth one of the most important people at the university in recent history, as per a report by ESPN. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Family Adopted A New 'Dog', But When The Vet Sees It He Calls The Police Undo ALSO READ: Every iPhone 17 model gets upgrades — here's the full breakdown and what's new across every model How will this change Kansas Football? Live Events Kansas will use $75 million from Booth's gift to pay for the second phase of renovations at David Booth Kansas Memorial Stadium. This phase will focus on making improvements to the east side of the stadium. Construction is set to start after the 2025 football season. The improvements will come after the first phase of the Gateway District project, which cost $450 million and included major upgrades to the Anderson Family Football Complex and the southwest, west, and north sections of the stadium, as per a report by ESPN. The Jayhawks will play their first home game in the new stadium on August 23, 2025, against Fresno State. This will happen after Phase 1 is over. For the time being, home games will be played in the Kansas City area during the 2024 season, as per a report by ESPN. ALSO READ: Orca attack mystery: What really happened to marine trainer Jessica Radcliffe What makes David Booth's gift so important? David Booth, who is from Kansas and started Dimensional Fund Advisors, has been a supporter of KU for a long time. He gave $50 million in 2017 to start renovations on the century-old Memorial Stadium, which is now named after him. But this new $300 million donation takes his legacy to a whole new level. Travis Goff, the athletic director, said, "This gift has a huge effect on our top priority right away, and it also gives us an amazing source of income that lets us invest in new ways in the future of Kansas athletics,' as per a report by ESPN. Booth called the gift an investment in the community that made him who he is, "Philanthropy, like investing, pays off over time." Each gift adds up, making chances not just for today, but for years to come. What will happen in the Gateway District? Besides making the stadium better, Phase 2 of the Gateway District will bring a huge redevelopment to the east of the stadium. Plans call for a new hotel, an outdoor event plaza, student housing, stores and restaurants, and more parking. The Lawrence City Commission has approved a $94 million package of financial and tax incentives to help pay for this phase, which is expected to cost $360 million, as per a report by ESPN. The university sees the Gateway District as more than just a sports project. It's a plan for a lively hub near campus that will help students, fans, and the Lawrence community as a whole, as per a report by ESPN. With the stadium renovation and the Gateway District expansion coming up, this gift puts KU in a better position to compete in terms of facilities, fan experience, and financial stability. It's a real game-changer for the Jayhawks. FAQs Who gave $300 million to Kansas Athletics? David Booth, a KU alumnus and investor, made the record-breaking gift. How will the money be used? $75 million is allocated to stadium renovations, with the remainder funding ongoing athletic revenue.

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Time of India

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Bullish IPO stuns as BLSH stock may jump 62% to $55–$60 after massive demand — Peter Thiel-backed crypto a must-buy?

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Hotel Association of India introduces an industry mentoring programme structured for the hotel sector
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Time of India

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  • Time of India

Hotel Association of India introduces an industry mentoring programme structured for the hotel sector

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