Israeli software company Nice is laying off 500 employees worldwide, representing 5% of its workforce. Nice's stock has faced significant pressure over the past year, driven by investor concerns regarding the potential impact of AI on demand for the company's products and its future growth rate.

Fiserv has cut its employee and contractor base by 3,000 since June, including a reduction of senior management by more than 10%, CEO Takis Georgakopoulo said on an earnings call on Tuesday.