Amdocs layoffs, on the record
Every job cut, severance charge and restructuring Amdocs reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCompany approved a restructuring to align its workforce with its global site strategy and optimize its hybrid work model, and recorded restructuring charges in the first quarter of fiscal 2023.
Word for word“As of December 31, 2022, the Company approved a restructuring, primarily associated with alignment of the Company's workforce around its global site strategy, as well as the optimization of the Company's hybrid work mod el. During the first quarter of fiscal year 2023 the Company incurred restructuring charges of $ 24,536 in connection with this restr ucturing, these charges were paid or adjusted as of September 30, 2023 and as a result there is no outstanding accrual as of September 30, 2023.” 20-F for 2023
Our summaryCompany announced a workforce reduction and office space reductions to optimize expenditures, recording restructuring charges mainly for employee severance and office exit costs in the fourth quarter of fiscal 2023.
Word for word“During the fourth quarter of fiscal year 2023, the Company incurred restructuring charges of $ 46,365 , primarily associated to employees' severance expenses and exit charges associated with office space reductions.” 20-F for 2023
Our summaryAmdocs recorded restructuring charges under a 2024 Restructuring Plan, mainly employee severance expenses and benefits arrangements, which it initiated in the second quarter of fiscal 2024.
Word for word“During the second quarter of fiscal year 2024, the Company initiated a new restructuring plan (the “2024 Restructuring Plan”), under this plan the Company incurred in fiscal year 2024 restructuring charges of $ 132,202 .” 20-F for 2024
Our summaryAmdocs carried out 2023 Restructuring Plan actions to align its workforce around its global site strategy and optimize its hybrid work model, with the remaining liability expected to be paid in fiscal 2025.
Word for word“During fiscal year 2023, the Company conducted certain restructuring actions (the “2023 Restructuring Plan”), primarily associated with alignment of the Company’s workforce around its global site strategy, the optimization of the Company’s hybrid work model, as well as appropriate measures to optimize expenditures and resource allocation, as a result of which, the Company incurred restructuring charges of $ 70,901 .” 20-F for 2024
Our summaryAmdocs reported total restructuring charges for fiscal 2024 that increased from the prior year, due to actions under a new restructuring plan.
Word for word“Restructuring charges in fiscal year 2024 were $131.1 million, increased by $60.2, from $70.9 in fiscal year 2023.” 20-F for 2024
Our summaryAmdocs stated that it has implemented and may continue to implement restructurings and cost reduction measures that reduce operations and workforce, including employee separation costs.
Word for word“Restructurings and cost reduction measures that we have implemented and which are currently ongoing, and which may continue to be implemented from time to time, may reduce the size of our operations and workforce.” 20-F for 2024
Our summaryAmdocs recorded restructuring charges in fiscal 2025 for actions focused on operational excellence, automation and internal use of generative AI tools, following earlier restructuring in fiscal 2023 and 2024.
Word for word“Restructuring charges in fiscal year 2025 were $80.5 million, decreased by $50.5, from $131.1 in fiscal year 2024.” 20-F for 2025
Our summaryAmdocs paid about $90 million in restructuring payments in fiscal 2025, which reduced its free cash flow.
Word for word“Our free cash flow for fiscal year 2025 was $645.1 million and is calculated as net cash provided by operating activities of $749.1 million for the period less $104.0 million for capital expenditures, net, and after restructuring payments of approximately $90 million.” 20-F for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2016-09-30 | $34.2 million | — |
| 2017-09-30 | $32.9 million | — |
| 2018-09-30 | $28.5 million | — |
| 2019-09-30 | $33.4 million | — |
| 2020-09-30 | $33.4 million | — |
| 2021-09-30 | $35 million | $0 |
| 2022-09-30 | $52.8 million | $0 |
| 2023-09-30 | $37.2 million | $70.9 million |
| 2024-09-30 | $39.8 million | $131.1 million |
Amdocs has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Amdocs’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2025-12-15. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.