ACN

9:21 ET -- Accenture PLC is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Accenture plans to cut 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 streamline operations, amid slowing IT spending. 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. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)

(END) Dow Jones Newswires

March 24, 2023 09:36 ET (13:36 GMT)

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