At the end of last year and this year, a number of technology companies have made the painful decision of massive layoffs and cost reductions in various business segments. Concerns about the global economic downturn have not disappeared, so more and more companies have announced workforce adjustments. This time it is the consulting company “Accenture”, which has informed that it will eliminate 19,000 or 2.5% of all jobs in the next 1.5 years.
In addition to announcing layoffs, the company is also forecasting lower-than-expected revenue and profit for the next fiscal year. “Accenture” indicates that in the next financial year, it predicts an increase in revenues in the range of 8-10%, previously predicting that revenues could reach the mark of even 11% compared to the previous year. Accenture’s previous financial year ended in February 2023, during which the company increased its workforce by 38,000 due to growing demand for Accenture services and solutions.
Accenture is basing its layoff decision on global economic conditions, including inflation and resulting customer caution. Significant economic and geopolitical uncertainty continues to exist in many global markets, which has affected and may continue to affect Accenture’s business.
