Accenture to Cut 19,000 Jobs, 2.5% of Workforce
23 Março 2023 - 10:25AM
Dow Jones News
By Will Feuer
Accenture PLC is cutting about 19,000 jobs, or 2.5% of the
consulting company's workforce, as it looks to slash costs and
streamline operations.
The company, which offers various corporate services ranging
from accounting and procurement to marketing and more, said most of
the employees expected to be affected will be in non-billable
corporate roles. Accenture said it is still hiring elsewhere.
Accenture is also consolidating some of its office space, Chief
Financial Officer KC McClure said Thursday on a call with
analysts.
The company said it expects its business-optimization plan to
cost about $1.5 billion, mostly from employee severance during the
remainder of the current fiscal year and fiscal 2024.
The cuts contribute to a wave of layoffs in recent months as
companies across technology, manufacturing and other sectors look
to cut costs amid uncertainty about rising interest rates,
persistent inflation and other economic challenges.
The news from Accenture came after the company earlier Thursday
reported a 5% rise in quarterly revenue and better-than-expected
earnings.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 23, 2023 09:10 ET (13:10 GMT)
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