Accenture is firing 19000 employees: 5 things the IT company said while announcing layoffs
- Accenture is planning to lay off over 19,000 employees globally due to uncertain macroeconomic conditions.
- The layoff impacts 2.5% of the company's global employees and will mainly affect "non-billable" corporates.
- Roughly 40% of Accenture's global workforce operates from India, and it is unclear how the layoff decision will affect workers there.
- The company's results of operations are affected by economic conditions, including macroeconomic conditions, an inflationary environment, and levels of business confidence.
- Despite the layoff decision, Accenture posted growth in revenue for the second quarter of the fiscal year 2023, earning $15.8 billion, representing a 5% growth in USD and a 9% growth in local currency.
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