On Thursday, the media proclaimed that US-based software and communications service provider Amdocs is laying off around 1,000 employees in the midst of difficulties circling the financial restoration due to the ongoing Covid-19 pandemic.
As per one of the reports on Israeli-based website Calcalist, Amdocs’s quarterly earnings are nearly $1 billion. A considerable part of it almost $691 million – comes from the US, which is currently seeing a COVID-19 resurgence.
“Amdocs is planning to cut many hundreds of jobs, including senior positions,” the report informed.
Amdocs engages 25,000 people globally, and over 10,000 employees are in India, which is its most apparent research and development hub. The company has development centres in Pune and Gurugram as well.
In the month of March, the company declared to train 5,000 employees in Cloud-based technologies over the next couple of years in India.
“As a global corporation with tens of thousands of employees, Amdocs is constantly making the required modifications in its costs while strategically evaluating its workforce and adapting to the changing business requirements,” Amdocs revealed in a statement.