Amdocs announced the launch of a new GenAI & Data division aimed at integrating artificial intelligence into all aspects of its products, services, and operations, consolidating product, engineering, strategy, and go-to-market teams under one unit led by Senior Vice President Ilan Sade. While the company positions this move as a strategic step to strengthen its leadership in the global IT and telecom market, it is also preparing for another wave of layoffs expected to impact hundreds of employees in Israel and worldwide. This follows recent workforce reductions, including 2,700 layoffs in 2023 and 1,500 in 2024, as Amdocs adapts its organizational structure to align with business opportunities and efficiency goals.
https://www.calcalistech.com/ctechnews/article/bl7qwfsuw