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Mumbai: Global consulting giant Accenture has laid off more than 11,000 employees worldwide in the last quarter, according to reports. The move signals a major shift in the company's strategy as it faces slowing demand in traditional consulting services and rising interest in artificial intelligence (AI). Why Did Accenture Take This Step? CEO Julie Sweet explained that every new wave of technology brings a period where companies need to "train and retool.' However, instead of reskilling all em ...Read More >
New Delhi: Global IT consulting firm Accenture has laid off more than 11,000 employees over the past three months and has warned of further job cuts, citing the accelerating impact of artificial intelligence (AI) on its operations. The Dublin-based firm unveiled details of an $865 million (around Rs 7,669 crore) restructuring programme, warning analysts that if staff cannot be retrained fast enough, further reductions will be inevitable, as reported by India Today on Sunday. The company's lead ...Read More >
Bengaluru: Accenture CEO Julie Sweet said H-1B visas are not a major concern for the company, noting that just 5% of its US workforce is on such visas."This is really a non-issue because we only have about 5% of our people in the US on H-1B visas, and they're for really specialised experience and skills for our clients. Not something that's really a big impact on Accenture," she said during an earnings call on Thursday.A Kotak Institutional Equities report showed that Accenture steadily reduced ...Read More >
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