Accenture To Cut 19,000 Jobs

Tech consultancy giant Accenture plans to cut 19,000 jobs, or 2.5% of its workforce, and has lowered its annual revenue and profit forecasts, becoming the latest behemoth to trim expenses in the wake of dwindling global economic conditions. From a report: The reduction in jobs, over half of which affects individuals in non-billable corporate functions, will be undertaken in the next 18 months, Accenture said in an SEC filing Thursday. The company had increased its workforce by 38,000 in the year that ended in February 2023 to serve the increased demand in its services and solutions, it said.

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