Highlights

  • Accenture announces lay offs
  • To lay off 19k staff in next 18 months
  • Cuts in non-billable corporate functions

Latest news

WTC final 2023, IND vs AUS: Shardul Thakur equals Don Bradman's massive record at the Oval

WTC final 2023, IND vs AUS: Shardul Thakur equals Don Bradman's massive record at the Oval

Jackie Shroff’s wife Ayesha Shroff files police complaint as she is duped of ₹58 lakh | More details here

Jackie Shroff’s wife Ayesha Shroff files police complaint as she is duped of ₹58 lakh | More details here

India's Digital India Bill aims to regulate internet and combat cybercrimes and will ban 11 types of cont

India's Digital India Bill aims to regulate internet and combat cybercrimes and will ban 11 types of cont

From stage to screen: Zee theatre and Zee5 redefine the theatre viewing experience on OTT!!

From stage to screen: Zee theatre and Zee5 redefine the theatre viewing experience on OTT!!

Shah Rukh Khan starrer ‘Pathaan’ to be released in Russia and CIS countries on this date

Shah Rukh Khan starrer ‘Pathaan’ to be released in Russia and CIS countries on this date

Job cut at Accenture: IT services & consulting firm to lay off 19,000 staff

Over half of these departures will consist of people in Accenture's non-billable corporate functions, the filing said. 

IT services and consulting firm Accenture will lay off 2.5 per cent or 19,000 employees over a period of the next one and half years, the company said in a regulatory filing.

Accenture currently employs over 7 lakh people and is estimated to have the largest employee base of 3 lakh people in India.

"While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs. Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 per cent of our current workforce)," the company said in a regulatory filing.

Over half of these departures will consist of people in Accenture's non-billable corporate functions, the filing said.

Commenting on the layoffs, the company also said that “The people impact is estimated to be 2.5% of our current global workforce. This may differ by market and by country, as a consequence of our different footprint and growth, and should not be taken as a figure applicable to all geographies.”.

Up Next

Job cut at Accenture: IT services & consulting firm to lay off 19,000 staff

Job cut at Accenture: IT services & consulting firm to lay off 19,000 staff

Invest Smart: Why you need long-term investments in Mutual Funds

Invest Smart: Why you need long-term investments in Mutual Funds

Eurozone entered a recession at the beginning of 2023

Eurozone entered a recession at the beginning of 2023

24 international brands will have opened stores in India in 2023

24 international brands will have opened stores in India in 2023

Sensex, Nifty extend losses into second straight session, IT stocks drag

Sensex, Nifty extend losses into second straight session, IT stocks drag

Elon Musk: World's richest man re-enters $200 billion club

Elon Musk: World's richest man re-enters $200 billion club

More videos

Zomato stock price soars to a 52-week high, rising over 50% in the past 2 months

Zomato stock price soars to a 52-week high, rising over 50% in the past 2 months

ED arrests M3M group director Roop Bansal in money laundering case

ED arrests M3M group director Roop Bansal in money laundering case

Ministry of Civil Aviation ramps up hiring to make air travel safer

Ministry of Civil Aviation ramps up hiring to make air travel safer

Byju's Layoffs 2023: Byju's likely to layoff 1,000 more employees in a cost-cutting effort: Reports

Byju's Layoffs 2023: Byju's likely to layoff 1,000 more employees in a cost-cutting effort: Reports

McDonald's latest 'love story' ad receives backlash from netizens

McDonald's latest 'love story' ad receives backlash from netizens

PM Modi thanks ChatGPT creator OpenAI's CEO Sam Altman after meeting

PM Modi thanks ChatGPT creator OpenAI's CEO Sam Altman after meeting

Go First Bankruptcy: DGCA asks for CoC approval of revival plan

Go First Bankruptcy: DGCA asks for CoC approval of revival plan

Gold, Silver Rates Today 9 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Gold, Silver Rates Today 9 June 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.