ACCENTURE LAYOFFS
Global markets rattled as bond yields surge, offsetting AI-stock optimism
Global bond market volatility led to declines in stock indexes, with the S&P 500 on track for consistent losses. Oil prices rose, contributing to persistent inflation, while economic reports indicated US resilience despite challenges. The 10-year Treasury yield hovered near a 2002 high, raising concerns for real-estate stocks. Technology stocks demonstrated some strength, aided by Micron Technology’s better-than-expected quarterly profit.
US stocks: US markets dip as surging Treasury yields overshadow software gains
Wall Street encountered a downturn as escalating Treasury yields affected investor confidence in high-priced stocks. Despite solid performance from the software sector buoyed by favorable earnings, the shadow of rising interest rates looms large. September saw the S&P 500 and Dow post monthly losses, while the Nasdaq thrived on AI optimism.
120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be next
Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automating tasks, even while reporting strong revenues. India's IT sector faces potential job losses as companies redesign their operational strategies. Fresh graduates are experiencing delayed onboarding and withdrawn job offers from major tech firms.
Year ender 2025: Amazon, Meta and other major tech giants announced massive job cuts. Why 2025 became year of layoffs
Year Ender 2025: 2025 saw massive job cuts across major companies, especially in tech. Microsoft, Amazon, and Google led the way. This wave of layoffs was driven by rapid AI adoption and automation. Companies realized pandemic hiring had made them inefficient. The United States alone saw over 1.1 million layoffs, the highest since 2020. This marks a significant industry reset.
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.
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'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.
Intel jobs cuts begin: 20% workforce cut, key units shut, and roles outsourced; Check company's layoff policy
Intel has begun laying off employees under new CEO Lip-Bu Tan’s major cost-cutting push, with 107 staff at its Santa Clara headquarters receiving notice ahead of broader global cuts. Tan confirmed up to 20% of the workforce will be impacted, as Intel also shuts its automotive chip division in Germany and outsources marketing to Accenture. With factory and engineering roles among the hardest hit, the company says these changes are vital to streamline leadership, reduce complexity, and sharpen focus.
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.
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.
Accenture guides towards muted Q2 performance
Accenture reported revenues of $16.2 billion, an increase of 3% in dollar terms and 1% in local currency for its first quarter ended on November 30.
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.
Accenture to invest $3 billion in Artificial Intelligence, double AI talent to 80,000
Accenture said it will invest in new and existing relationships across cloud, data, and AI.
Reddit lays off 5% of its workforce, to reduce hiring
Reddit, which was spun off from magazine conglomerate Condé Nast in 2011, has been in the news for its popular discussion channels and subgroups, where retail investors speculate on stocks.
IBM misses first quarter revenue estimates; cuts growth forecast to 6%-8%
The company's software and consulting businesses rose 6% and 8.2%, respectively, at constant currency in the first quarter, in line with IBM's targets. Big Blue also reiterated its full-year free cash flow forecast of $10.5 billion.
Microsoft’s GitHub slashes nearly half of its India workforce, lays off 140
The layoffs are part of a global retrenchment plan that the company had announced in February, a spokesperson told ET in response to queries.
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.
Largecap vs midcap: Accenture earnings show which IT companies may benefit
Accenture is usually seen as a bellwether for the global IT sector, and analysts gauge the prospects for the Indian IT sector based on the global firm’s commentary and business outlook.
New VR jobs die down at Meta, Google amid hiring freeze: report
The VR job postings have also slowed down at other Big Tech companies like Apple and Google amid the hiring freeze and layoff season.
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.
Reskill to survive: Tech firms retrain staff on war footing
Accenture, Infy, TechM, Cognizant, MphasiS investing to make workforce future-ready.
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.
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