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Layoffs at NICE: Some 500 employees to go home

The Ra'anana-based software giant is initiating a round of layoffs affecting about 5% of its workforce amid stock erosion and intensifying competition in the artificial intelligence sector.

  • NICE to lay off 500 employees, 5% of 10,000 global workforce
  • Downsizing response to AI market shock and need for automation
  • Israel's development center to maintain positions during cuts

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