Accenture has laid off at least 11,000 employees in the past three months as part of a major restructuring programme focused on artificial intelligence (AI). According to Business Insider, the company is letting go of staff who cannot be retrained with AI-related skills. At the same time, it plans to hire new workers over the next year or two.

Chief executive Julie Sweet described 'upskilling' as Accenture’s 'number one strategy' but admitted that, in some cases, retraining was not realistic. 'We are exiting on a compressed timeline, and in areas where reskilling is not a viable path for the skills we need,” she said.

Accenture will continue to invest in retraining staff on AI technologies, which Sweet described as a necessary response to each new wave of innovation. She added: 'Doing th

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