Global technology giant Accenture recently announced it is slashing 19,000 jobs over the next 18 months, citing ‘significant economic and geopolitical uncertainty in many markets across the world’.
The proposed job cuts means the Dublin-headquartered tech consultancy firm will slash 2.5 per cent of its workforce. In its filing before the US Securities and Exchange Commission, the company said it will bear $1.5 billion in costs as a result of the downsizing, including $1.2 billion directly related to the layoffs.
But how many employees in India have been affected by the layoffs? Hindustan Times reached out to the company for exact numbers. Here’s what the company said in a statement, ““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.”
In its recent annual report, the company had said it employed 721,000 people in 2022. The tech consulting and optimisation company had hired about one lakh people in the 2022 fiscal year, AFP reported.
According to the company, about half of the jobs cut are in the administrative or support functions.
“While we continue to hire, especially to support our strategic growth priorities… we initiated actions to streamline our operations,” the company statement said.
Soon after the news of Accenture’s layoff spread like a wildfire, the company’s shares moved up by 8.4 per cent in New York, Bloomberg reported.
Not just Accenture, consultancy giant McKinsey & Co. had announced 2,000 job cuts while KPMG had said it laid off 700 professionals from its US advisory practice.
