Amdocs Layoffs: up to 3,000 employees affected amid strong performance

What’s happening at Amdocs?

Software giant Amdocs is laying off 1,500 to 3,000 employees globally, affecting 5%-10% of its 29,000-strong workforce, according to Calcalist. This news comes despite the fact that the company is reporting strong financial performance.

This comes a year after another round of massive layoffs in July 2023, when more than 2,000 employees were fired. The company employs about 5,000 workers in Israel, as well as a significant number in Canada.

Official statements and context

Amdocs told Calcalist that it “constantly monitors opportunities and challenges, adjusting while investing in innovation and leveraging the latest technologies.”

• “The company continuously evaluates measures to preserve its leadership position and business strength, ensuring a competitive edge in the market.”
• “Israel remains a leading global development and innovation center. We recently reopened our campus in Sderot and are helping to rebuild the communities affected by the war.”
• Amdocs reported record revenues of $1.25 billion in Q2 2024, a 2% increase from Q2 2023.
• The company disclosed a record backlog of orders amounting to $4.23 billion, up 3% from the previous year.
• Amdocs updated its fiscal year 2024 forecast, expecting a 1.7%-3.7% rise in revenues, adjusted for exchange rate fluctuations.
• Analysts suggest layoffs may be a preemptive measure to streamline operations and enhance long-term competitiveness.

Layoffs in Canada

It remains unclear exactly how many Amdocs employees in Canada will lose their job as a result of this layoff.

Your rights

In Canada, non-unionized employees at Amdocs are owed full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This applies to individuals working in any capacity — full-time, part-time, hourly, or potentially even independent contractors — in Ontario, Alberta, and British Columbia.

Severance is the compensation provided to non-unionized workers in Canada by their employer when they are terminated without cause, and can be as much as 24 months’ pay, depending on a number of factors.

WATCH: Employment lawyer Lior Samfiru explains why you are still owed severance if you have been downsized on an episode of the Employment Law Show.

Severance offers and deadlines

Before accepting a severance offer, double-check the amount using our firm’s free Severance Pay Calculator. It has helped millions of Canadians determine their entitlements.

In addition to your salary, make sure to factor in any other elements of your compensation (i.e. bonuses, commission, etc.).

If your employer’s offer falls short of what our Severance Pay Calculator says you are owed, it’s very likely that you have been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

Non-unionized employees in Canada have up to two years from the date of their dismissal to pursue proper severance pay. An employer’s deadline to sign back a severance offer is not legally enforceable or binding.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance during mass layoffs
• Severance entitlements in a recession

Major layoffs continue

The job cuts at Amdocs come amid a flurry of layoffs in 2024.

Big names, including Intuit, UiPath, Dyson, Vancity, Stifel, WillScot of Canada, Netflix, McKinsey & Co, EXL Service, Best Buy, Relic Entertainment, Ubisoft, Intel, Amazon, and Telus, have pulled out the axe as they continue to navigate challenging economic conditions.

SEE ALSO
• Shell to lay off 20% of deals division, part of restructuring
• Walmart Canada cuts jobs amid restructuring, shift to Spark: Reports
• Where are layoffs happening in Canada?

Lost your job? Talk to an employment lawyer

If you have been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you are a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.