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.