Accenture’s layoff tally surpasses 11,000; CEO Julie Sweet cites AI, restructuring efforts

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Global consulting firm Accenture has laid off more than 11,000 employees across the world in the past three months.

According to a TOI report published Saturday, rapid artificial intelligence (AI) adoption, coupled with slowing corporate demand, is the reason for the layoffs.

Accenture CEO Julie Sweet told analysts that the company is looking at exits as a viable option compared to reskilling its employees.

Further, she added that Accenture is aiming at restructuring efforts, and the job cuts are part of an $865 million restructuring programme.

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Accenture’s layoff tally surpasses 11,000; CEO Julie Sweet cites AI, restructuring efforts



Global consulting firm Accenture has laid off more than 11,000 employees across the world in the past three months.

According to a TOI report published Saturday, rapid artificial intelligence (AI) adoption, coupled with slowing corporate demand, is the reason for the layoffs.

Accenture CEO Julie Sweet told analysts that the company is looking at exits as a viable option compared to reskilling its employees.

Further, she added that Accenture is aiming at restructuring efforts, and the job cuts are part of an $865 million restructuring programme.

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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