Global technology consultancy firm Accenture will lay off around 25,000 people worldwide, or about 5 percent of the workforce in the global workforce. The layoffs by the company will affect India. The Australian Financial Review first reported this in mid-August. He told about the layoff of employees by Accenture CEO Julie Sweet citing a staff meeting.
Accenture has more than 5 lakh employees worldwide and is now going to cut the number of employees not performing well by at least 5 percent. With this, thousands of Indians will also have to lose jobs in the midst of economic recession. A report published in the Australian Financial Review (AFR) first gave this information.
Accenture has about 2 lakh employees in India, which makes the company a hub of employees for technology. Thousands of employees may be affected by this step. Accenture India spokesperson did not comment on this. The Australian Financial Review reported that an internal global staff meeting was streamed online this month, with Accenture’s Julie Sweet stating that despite subcontracts and new hiring stops, the company still needed to reduce its workforce.
Accenture told IANS that at this time, the company is not planning additional global workforce action. He said, “As part of our demonstration process every year, we interact with our people to see how they are performing, what areas are likely to improve, their ability to progress, and whether they are going to ascent Long-term fit. “
The company said, “This year, at all parts of our business and at all levels of career, we will identify about 5 per cent of the people as the worst performers and these people will be out of Accenture. This is raised by us every year Is consistent with the steps to be taken. “
Julie Sweet said that the chargeability, or the payment of working hours to its employees, had fallen to less than 90 per cent for the first time in a decade and was being used to target employees to transition out.
According to a July 1 report in The Guardian, the company was losing 900 jobs to reduce costs due to low demand for its services in the UK. The New York Listed Company employs 11,000 people across the UK, including Aberdeen, London and Cambridge.
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