RAANANA, June 13 -- Amdocs is preparing to cut roughly 3,000 jobs across its global workforce in the first sweeping restructuring under new president and chief executive Shimie Hortig, with hundreds of those cuts landing on the company's Israeli payroll. The reduction, which represents close to 10 percent of the Nasdaq-listed firm's 29,000-person headcount, is being framed by the company as an AI-era transformation rather than a cyclical retrenchment, and it lands during the same fortnight that Amdocs reported a 3.9 percent revenue beat for its second fiscal quarter.

The juxtaposition of headline-beating revenue and headline-grabbing layoffs is the part the company's investor base is still parsing. Amdocs reported 1.17 billion United Sta...