ACCENTURE LAY OFF
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.
Lufthansa axes 4,000 jobs while betting big on AI to fly leaner and faster - here are the positions affected
Lufthansa plans to eliminate 4,000 administrative roles globally by 2030, primarily in Germany, as part of a major restructuring. The airline is leveraging AI, digitization, and automation to boost efficiency and profitability, aiming for an 8-10% operating margin by 2028. This move follows similar AI-driven workforce reductions by other companies.
'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 stock drops despite beating Q4 earnings estimate & strong revenue guidance
Acn stock today latest news: Accenture stock experienced a slight dip despite exceeding expectations in its fourth-quarter 2025 earnings report. The IT giant reported impressive earnings per share and revenue, driven by growth in consulting and managed services. Looking ahead, Accenture anticipates strong fiscal 2026 revenue, surpassing Wall Street estimates.
Accenture to promote 50,000 staff after six-month delay
The move comes as the New York-listed company grapples with a pullback in client spending and greater scrutiny of US government contracts under President Donald Trump, who wants to prove taxpayers are getting value for their money. Accenture abandoned its diversity targets after Trump ordered his administration to push firms to end such practices.
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.
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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.
2023 Year in review: how layoffs hit technology and startup workers
With the year drawing to a close, ETtech looks at startups and tech companies— global and domestic—which laid off employees to cut costs amid economic uncertainties.
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.
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.
Microsoft-owned LinkedIn fires 716 employees in fresh round of layoffs
The employment-focused professional network had also announced layoffs in February this year.
Mohandas Pai on Accenture layoff & how slowdown is a good opportunity for cos to trim fat
Accenture's recent layoffs are part of a trend towards preparing for a possible market slowdown and softening revenue growth, says Mohandas Pai, Chairman of Aarin Capital Partners. However, he does not see a massive slowdown or negative growth. While Indian IT companies are cautious and have postponed onboarding of young people, companies like Accenture are taking precautionary steps to maintain profitability.
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 offers 7-month severance payout to staff
Accenture is offering a seven-month severance payout to employees impacted by its latest layoffs. The package is high considering most companies offer a two-three months’ payout, or one month of salary for every year of service put in.
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.
IT services will continue to be an attractive job market: TCS CEO
Technology companies impacted by the Covid-19 pandemic over the last few months have chosen to save costs by freezing hiring and laying off employees, posing a challenge to fresh graduates seeking jobs.
IT companies step up reskilling of employees as they prepare for post-pandemic scenario
Companies such as Infosys, Wipro, Accenture, Zensar Technologies, among others, have embarked on a massive upskilling drive to make sure their workforce in India is ready for the next-level jobs.
Accenture, Verizon and other cos build hiring platform to connect businesses
To date, participating companies include ADM, Baxter, Blue Apron, Cargill, Frito-Lay, Lincoln Financial Group, Marriott, Mondelēz International, Nordstrom, ServiceNow, Walmart, and Zenefits. Additionally, more than 250 companies are expected to onboard over the next week, and the platform will soon add public sector jobs.
Reskill to survive: Tech firms retrain staff on war footing
Accenture, Infy, TechM, Cognizant, MphasiS investing to make workforce future-ready.
TCS beats Big Blue in market cap race
After Monday’s trade, TCS’ market cap stood at Rs 8,37,198 crore, or over $120.49 billion, on the National Stock Exchange.
What slowdown? MNC tech firms are hiring thousands
Accenture has 5,396 job openings in India, more than four times the openings in the US and more than 12 times that in Poland and Philippines, its other major hiring locations.
Nokia to axe 300 in India, transfer 700 engineers
The move to cut workforce includes laying off 4,000 staff and transferring 3,000 across China, Finland, India, Britain and the US to Accenture.
Nokia restructuring to see up to 300 jobs cuts in India
Nokia today said up to 300 jobs would be cut in India, as the company embarks on restructuring that would affect 7,000 employees worldwide.
Nokia to cut 7,000 jobs, outsources Symbian activities to Accenture
Nokia will lay off additional 4,000 staff, most in Finland, Denmark, UK. The move is in line with its plan to cut annual costs by 1 bn euros.
All not well at Honeywell, Accenture
Honeywell employees asked to take unpaid offs, Accenture will lay off 7% senior executive workforce.
Accenture to lay off senior executive workforce by 7 pc
Accenture is reducing its senior executive workforce by 7% besides, pruning real estate capacity as part of restructuring efforts. Job-cuts: A blessing in disguise
TCS, Wipro, Infosys among cos hiring people: Forbes
The 3 Indian cos along with UK retailer Tesco and Finnish mobile phone maker Nokia are part of Forbes 'Global 2000 Cos That Are Hiring'. India's 10 best employers
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