Accenture

For our latest survey, TechCrunch reporter Jagmeet Singh asked four Indian investors about how their work has changed since the global tech downturn began.

Accenture PLC is cutting about 19,000 jobs, or 2.5% of its workforce, over the next 18 months as the professional-services company looks to slash costs and ...

[Capital One Financial](https://www.wsj.com/market-data/quotes/COF) Corp. Switzerland Itself Needed Rescuing.](https://www.wsj.com/articles/ubs-credit-suisse-rescue-switzerland-banks-36abe8c4?mod=trending_now_news_2) [It’s the Most Thankless Job in Banking. [Coffee and Your Heart: The Impact May Be Different Than You Think](https://www.wsj.com/articles/coffee-and-your-heart-the-impact-may-be-different-than-you-think-e2f1efdd?mod=trending_now_news_1) [It Wasn’t Just Credit Suisse. and [Meta Platforms](https://www.wsj.com/market-data/quotes/META) Inc. The company also downgraded its revenue growth outlook for the year to between 8% and 10%, from a previous estimate of between 8% and 11%. Sweet noted on Thursday’s call that the company has seen growth in its communications, media and technology group in Europe, especially as compared to the slowdown among its North American clients. [worldwide IT spending](https://www.wsj.com/articles/global-it-spending-decreased-in-2022-11674002496?mod=article_inline) is projected to total $4.5 trillion in 2023, an increase of 2.4% from last year, but less than half the rate of the previous estimate by research and IT consulting firm [Gartner](https://www.wsj.com/market-data/quotes/IT) Inc. , also an IT consulting and outsourcing services provider, reported a slowdown in growth in its quarterly earnings in February. While revenue in its communications, media and technology group grew by 9%, Cognizant Chief Financial Officer Jan Siegmund said in an earnings call that growth among its largest clients has slowed, and that it is monitoring changes in the tech sector. “What we are seeing is still a big demand for IT skills,” said Ray Wang, founder and principal analyst at IT consulting firm Constellation Research Inc. The company wouldn’t comment on the cuts beyond what it provided in a Securities and Exchange Commission 10-Q filing. Accenture said it is still hiring to support “strategic growth priorities.”

The global tech consulting group Accenture on Thursday announced it's laying off roughly 19000 people as it works to cut costs, streamline operations and ...

[Accenture](https://thehill.com/tag/accenture/) [job cuts](https://thehill.com/tag/job-cuts/) [layoffs](https://thehill.com/tag/layoffs/) [SEC](https://thehill.com/tag/sec/) [tech layoffs](https://thehill.com/tag/tech-layoffs/) [Technology](https://thehill.com/policy/technology/) [Technology](https://thehill.com/policy/technology/) [House](https://thehill.com/homenews/house/) [State Watch](https://thehill.com/homenews/state-watch/) [See All](https://thehill.com/policy/technology/) [See all Hill.TV](https://thehill.com/hilltv) [See all Video](https://thehill.com/video) “In some cases, these conditions have slowed the pace and level of client spending.” [reported last month](https://www.bloomberg.com/news/articles/2023-02-21/mckinsey-to-cut-about-2-000-jobs-in-one-of-its-biggest-headcount-reductions?leadSource=uverify%20wall#xj4y7vzkg) that consulting giant McKinsey & Co. [Technology](https://thehill.com/policy/technology/)

The company said it expects to incur $1.2 billion in employee severance and other personnel costs, and will spend an extra $300 million on office space ...

The shares climbed as much as 8.4% in New York following the announcement. A spokesman for the company said this commitment still stands. [McKinsey](https://fortune.com/company/mckinsey/) & Co. Others, such as [EY](https://fortune.com/company/ey/), are trimming their hiring targets by thousands. The company said it expects to incur $1.2 billion in employee severance and other personnel costs, and will spend an extra $300 million on office space consolidation. The shares surged.

Ambas empresas están apuntando a compañías en edad temprana que destaquen en cuatro categorías y que, con sus ideas disruptivas, generen cambios en la ...

“Esas seleccionadas pasan a una etapa de presentaciones frente a un jurado conformado en gran parte por gente de BHP y Accenture, en el que se seleccionarán las ganadoras”, explicó Camilleri. Y por último, cómo asegurar que la propuesta de valor dentro de las personas sea diversa”. “Muchas son de Latinoamérica, que es un gran semillero de startups.

News of the layoffs come as the IT juggernaut released the financial results of its second fiscal quarter of 2023 today. The Dublin-based IT services and ...

[Accenture CEO Julie Sweet](https://www.crn.com/news/running-your-business/accenture-ceo-julie-sweet-it-growth-to-exceed-macro-impacts) during the company’s financial earnings report today. This was led by a 12 percent growth rate in its managed services sales that helped offset a 1 percent decline in consulting revenue. The Dublin-based IT services and consultancy superstar generated sales of $15.8 billion, representing 5 percent growth year over year. “Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,” Accenture wrote. Securities and Exchange Commission. ‘Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,’ Accenture said.

Technology consultancy giant Accenture Plc. said today it is planning to cut 19,000 jobs, or about 2.5% of its workforce, over the next 18 months.

Accenture’s shareholders reacted positively to the news of the layoffs, as its share price climbed more than 8% in extended trading today. In late 2021 it announced it is hoping to create 3,000 new technology jobs in the U.K. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. It said that over half of the job cuts will affect workers in nonbillable corporate functions, such as its human resources, legal and financial departments. In addition, the company lowered its revenue forecast, saying it expects sales to grow by 8% to 10% this year, down from an earlier forecast of 8% to 11%. [Join Our Community ](https://aws.events.cube365.net/startup) [Click here to join the free and open Startup Showcase event.](https://aws.events.cube365.net/startup) has said it will cut 700 jobs in the U.S. According to Accenture Chief Executive Julie Sweet, the company is looking to reduce its costs in fiscal 2024 and beyond, “while continuing to invest in our business and our people.” [Click here to join the free and open Startup Showcase event.](https://aws.events.cube365.net/startup) also said recently it will reduce its hiring target by thousands. over the next three years, and said today that it’s still committed to doing so. [said in a filing](https://otp.tools.investis.com/clients/us/accenture2/SEC/sec-show.aspx?FilingId=16509145&Cik=0001467373&Type=PDF&hasPdf=1) it will incur employee severance and other costs of about $1.2 billion due to the layoffs, and that it will spend an additional $300 million over the period on office space consolidation.

Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19000 jobs, the latest sign that the ...

The company expects to incur $1.2 billion in severance costs through fiscal 2023 and 2024. Register for free to Reuters and know the full story [(IBM.N)](https://www.reuters.com/companies/IBM.N) and India's top IT services firm [Tata Consultancy Services](/world/india/indias-tata-consultancy-q3-profit-misses-view-2023-01-09/) [(TCS.NS)](https://www.reuters.com/companies/TCS.NS) have also flagged weakness in Europe, where the Ukraine war has affected client spending. [(CTSH.O)](https://www.reuters.com/companies/CTSH.O) last month pointed to "muted" growth in bookings, or the deals IT services firms have in the pipeline, in 2022 and forecast quarterly revenue below expectations. More than half of the jobs to be cut will be in its non-billable corporate functions, Accenture said on Thursday, sending its shares up 6.4%. March 23 (Reuters) - Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.

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 ...

All these are interplay of market forces, these things have happened, this is going to happen and it will happen in the future. So to put this in clearer terms, it is not like they need to layoff all of these people, it looks good to investors! They are saying that we know what is happening and we are taking steps and it is good news. I see a great degree of caution, instability in the marketplace and that is what it is. So before analysts start asking them, what they have done, what is slow, they are taking precautionary steps and that is pretty good. The uncertainty is causing people to be very cautious and that is why people are not hiring and are laying off people who can be shed easily and keeping the guns dry. We have to wait and see what happens. Now, attrition would have come down and people who have made commitments in anticipation of higher attrition that would have come down. What is the Indian impact that you are seeing? They have also said half of this is in non-project kind of roles. People are getting ready and that is okay. So even for Accenture, it is 2.5% and normally in every year, they let go 1.5% to 2% of people for bad performance.