ACCENTURE JOB CUTS

No AI, no raise: Accenture links promotions to tech adoption

Accenture has begun monitoring how employees use its artificial intelligence tools and will factor this into promotion decisions to boost adoption across its workforce. Senior managers have been told leadership roles require “regular adoption” of AI. The move follows 11,000 job cuts linked to its AI transition and cost-cutting measures.

Why AI-fueled layoffs like Amazon will backfire

Companies are simultaneously announcing record AI investments and widespread layoffs, often for the same organizations. While AI is cited as a driver for these cuts, many initiatives show no return on investment. Layoffs, especially large ones, can undermine innovation and employee morale, potentially hindering the very AI adoption they aim to facilitate.

'Reskilling won't help': 2,00,000 tech jobs gone, 30,000 more lay offs likley in next two months, says report

The global tech sector is experiencing unprecedented job cuts in 2025, with over 202,000 employees laid off, primarily by US firms. Driven by cost-cutting and AI adoption, companies like Intel, Amazon, and Microsoft are significantly reducing their workforces. This trend highlights a shift towards efficiency and automation, with reskilling proving less effective this time.

'You are just an ID number': Startup founder shares blunt advice as Accenture lays off 11,000 employees

Accenture has laid off over 11,000 employees, largely impacting those unsuited for AI reskilling, as part of its AI-driven restructuring. This initiative, projected to save over $1 billion, highlights the urgent need for professionals to cultivate irreplaceable skills like creativity and strategy for future job security.

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

The job cuts are part of an $865 million restructuring programme, said the CEO. However, the global consulting firm is also upskilling over 70,000 of its employees in agentic AI.

Accenture says CEOs are hitting pause on consultants amid global uncertainty

Accenture, a global consulting powerhouse, is facing back-to-back slowdowns in new project bookings due to rising geopolitical tensions and economic volatility. While larger digital transformation deals remain active, smaller contracts are drying up. The firm is shrinking its workforce, delaying graduate onboarding, and facing federal contract cuts in the US. Leadership changes and a major organisational restructure underline the scale of disruption. Accenture's outlook reflects broader pressures across the consulting industry as cautious clients rethink spending.

ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlook

The IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises from discretionary spending.

Accenture fans IT industry spending gloom with annual forecast cut

Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%. The firm has been grappling with sluggish demand for its IT and consulting services as high interest rates slam the brakes on an industry that benefited from breakneck growth during the pandemic.

Google illegally cut contract staffers who worked on AI, union alleges

The Alphabet Workers Union accused the internet giant of violating federal labor law, which prohibits retaliation against employees for organizing.

Google illegally cut contract employees working on AI, alleges labour union

The workers, whose jobs have included improving the quality of answers in Google’s search engine and artificial intelligence chatbot, are employed through the vendor Accenture Plc.

IT consulting firm Accenture to cut 890 jobs from Irish operations

Accenture plans to cut around 890 jobs from its Irish operations, on top of the 400 staff let go earlier this year, both as part of a round of global job reductions announced in March, the IT consulting firm said on Monday.

Layoffs 2023: Tech companies which laid off most number of employees

ETtech takes a look at the top 10 tech companies that have slashed the most number of jobs.

Over half a million lost jobs in last six months globally

Over half a million lost jobs in last six months globally

Accenture to lay off 19,000 people, 40% of its 7.38 lakh employees are in India

The software services behemoth said currency headwinds and wage inflation had a direct impact on its decision to lay off employees.

Accenture forecasts Q3 revenue below estimates at around $16.7 billion

The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.

Accenture to lay off 25,000 employees, thousands of Indians set to lose jobs

A report in the Australian Financial Review first reported this, citing an internal staff meeting by Accenture CEO Julie Sweet in mid-August. India, which has the largest Accenture employee base of nearly 2 lakh employees, could see thousands of workers being affected by the move.

Accenture gives bonuses to a large part of its staff

The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.

IBM now hires more in US than India amid tax, visa worries

IBM hired frenetically in India, and cut jobs in the US in an effort to be cost competitive with Indian IT services providers.

Hewlett-Packard may trim as many as 30,000 jobs: Report

Hewlett-Packard plans to slash up to 30,000 jobs in the coming months, which would be one of the biggest layoffs in American corporate history, says a media report.