Amdocs to lay off 1,000 employees

In an ever shocking incidence for the employees of Amdocs, the US-based software and communications service provider Amdocs is laying off around 1,000 employees amid uncertainties surrounding the financial recovery owing to the ongoing Covid-19 pandemic.

Sources said, Amdocs's quarterly earnings is around $1 billion and a huge part of it nearly $691 million - comes from the US which is currently witnessing a huge downturn due to pandemic.

"Amdocs is planning to cut many hundreds of jobs, including senior positions," the report said. Out of total employs about 25,000 people globally, and over 10,000 employees are in India which is its biggest research and development hub. The company has development centres in Pune and Gurugram.

In March, the company announced 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 continually making the necessary adjustments in its expenses while strategically assessing its workforce and adapting to the changing business needs," Amdocs said in a statement.