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Accenture fire 19000 employees 2023 Reason for Layoff | Accenture layoff news 2023

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Accenture fire 19000 employees 2023 Reason for Layoff | Accenture layoff news 2023: Accenture has announced the layoff of 19,000 employees to save costs. The company has also confirmed that it will continue to hire more people in the second half of 2023. After the announcement of Google, Amazon’s impending 9,000 job layoffs, another major international corporation has revealed plans to fire 19,000 of its staff. Global company Accenture joined the sacking trend on Thursday by announcing that it would reduce its staff by 19,000.

Main Reason for Accenture Layoff of 19000 Employees:

The Main Reason for Accenture’s Layoff of 19000 Employees is cost cutting and the company facing loss in the last quarter. In addition to reducing its annual revenue growth and profit forecasts, the company released its quarterly earnings for the second quarter of fiscal 2023.

Which department is to be impacted by Accenture Layoff?

The corporation claims that those working on its Non Billable Corporate Activities will be more adversely affected by this downsizing. The leading IT company Accenture has reportedly lowered both its revenue and profit projections. In contrast to an earlier prediction of 8% to 11% growth, the company now anticipates yearly sales growth to be between 8% and 10%.

Is Accenture Layoff impact upcoming hiring?

Yes, Accenture reduces their hiring 10% this year and no more bulk hiring will happen. Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5% of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,” the company said in the regulatory filing.

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