Accenture revenue rose by 7% to USD 17.60 billion in the quarter of June-Aug. Representational image

Accenture has laid off more than 11,000 employees worldwide as part of its ongoing restructuring, the company announced on Thursday while releasing its quarterly results. The IT consulting giant stated that additional job cuts can happen in the coming months.

Accenture To Layoffs 11000 Employees

The layoffs are linked to Accenture’s $865 million restructuring programme, launched in response to slower growth expectations due to weak corporate demand and tighter federal spending. CEO Julie Sweet told analysts that the company is exiting employees on a “compressed timeline” where reskilling is not considered viable, in order to bring in talent with the skills required for its artificial

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