Consulting firm Accenture has revealed it is axing around 19,000 jobs across its worldwide workforce over the next 18 months
CONSULTING FIRM ACCENTURE has revealed it is axing around 19,000 jobs across its worldwide workforce over the next 18 months.
The New York-listed group said the cuts – about 2.5% of its 738,000-strong employee base – will largely affect its corporate support teams rather than client-facing staff, with more than half going across departments such as human resources, IT, finance and marketing.It is also closing offices globally as part of the plans to save around $1.5 billion US dollars , of which around $800 million will be delivered this year and the remainder in 2024.
The group said: “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.” The job losses adds to a wider cull across the corporate and technology sectors, with Amazon, Facebook owner Meta, and Just Eat recently announcing more hefty cuts.
The latest round of cuts come after the group reported a 5% rise in quarterly revenue and better-than-expected earnings.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ireland 3-2 Latvia: Evan Ferguson scores as Ireland run out winnersIreland ran out winners against Latvia in the Aviva Stadium on Wednesday night.
Read more »
North-South Interconnector moves to 'next phase' following reviewThe North-South Interconnector is moving to the 'next phase' following a review, EirGrid has said.
Read more »
Accenture to axe 19,000 jobs worldwideConsulting firm to slash jobs, cut office space
Read more »
Dublin-headquartered Accenture cutting 19,000 jobs, impact on Irish staff unknownThe company, which employs around 6,000 people in Ireland, is making the cuts having lowered its annual revenue and profit forecasts
Read more »
England’s disruptive game plan will stand to Ireland in the furnace of World Cup pressureIreland found a way to weather the storm in the Grand Slam decider and it is a valuable lesson learned
Read more »
Brooke is swapping Ireland for Australia after her shock loss on DWTSThe former Eurovision star is heading Down Under as she takes to the stage in Perth, Melbourne, Adelaide, Sydney and Brisbane next month before another big gig in Dublin in May
Read more »