Accenture Layoffs News: IT Gaint to Cut 19,000 Jobs. On Thursday, another major IT firm, Accenture company has announced it would layoffs employees which represents the 2.5 per cent of its workforce.
Accenture Layoffs News
The company also trimmed its periodic profit growth and profit forecasts on Thursday, amid worries that recession- cautious enterprises will cut technology budgets. Over the coming 18 months, these conduct are anticipated to affect in the departure of roughly 19,000 people (or 2.5 of our current pool), and we anticipate over half of these departures will correspond of people in our non-billable commercial functions,” the company said in a statement on Thursday.
“We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people to capture the significant growth opportunities ahead,” Julie Sweet, Chair and CEO, Accenture, said in a statement.
The company recorded $244 million in business optimization costs during the alternate quarter and expects to record total costs of roughly $1.5 billion through financial 2024.
The company said its earnings were $15.8 billion, an increase of 5 per cent in US dollars. The new bookings were at $22.1 billion, a 13 per cent increase.
“Accenture estimates $1.2 billion for severance and$ 300 million for connection of office space, with roughly $800 million anticipated in financial 2023 and $700 million in financial 2024,” said the company.
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