Sunday, June 15, 2025

Accenture layoffs target up to 25,000 low performers

- Advertisement -

Accenture layoffs target up to 25,000 low performers: Report

Accenture is cutting as many as 25,000 jobs around the world as it seeks to pare down its nearly half-a-million strong workforce, according to a published report.

The Australian Financial Review reported that a first round of cuts happened earlier this month and more are expected to follow. Layoffs are being made according to performance and are targeted at the bottom five percent of the company, the publication said, which cited sources in the firm’s Australian operations.

Accenture spokesman Mark Bonnaci did not respond to an email seeking comment.

During Accenture‘s June 25 financial analyst conference call to discuss the company’s third fiscal quarter 2020 financials, CEO Julie Sweet responded to an analyst’s question about job losses.

“As I’ve said before, we’ve identified some real areas of efficiencies and so that has obviously headcount implications to it, which may be what you’re calling layoffs,” she said.

In July, the company cut 900 job in the UK citing a weakness in market demand.

“We went into the crisis with an overcapacity of people relative to demand,” the company said in a memo to workers that was obtained by The Guardian. “The crisis has caused additional strain on the business due to lower demand and reduced national attrition. In addition, we have identified structural costs that we need to address.”

Accenture has reduced travel budgets, cut contractors where needed and was said to be limiting hiring, the paper said in July.

In mid-March as the US was girding for lockdowns and other restrictions related to the COVID-19 pandemic, Sweet struck an upbeat note and told investors that the company was well positioned to weather the pandemic and emerge stronger on the other side. She said the sharp turn to digital across nearly all working environments plays into Accenture’s strength as one of the largest systems integrators in the world.

“I feel very confident, and I think we’re in a very significant position of strength as we go into this chapter,” she said during the March 19 earnings call.

Accenture Chief Financial Officer KC McClure backed Sweet’s assessment, adding that “when we came out of the last financial crisis, we did take market share and that is our expectation, as we look long term, that we will have tremendous opportunity for us over the long term by staying close to our clients.”

The company’s M&A activity has not slowed during the crisis as Accenture recently completed its 20th acquisition of the year with the purchase of CreativeDrive earlier this month.

Accenture’s tuck-ins have focused on security and big data analytics. These include the cybersecurity acquisitions of Context, Revolutionary Security and Symantec’s Cyber Security Services business, along with data analytics experts AlphaBeta Advisors, Byte Prophecy, Clarity Insights, Mudano and Sentelis.

End Note-This story has not been edited by SightsIn Plus, published from a wire agency feed without modifications to the text. 

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Santosh Gangwar launches official Logo of “Labour Bureau”

Shri Santosh Gangwar launches Logo of Labour Bureau, says...

SAP offers Professionals New Digital Learning and Certification

A German multinational software company, SAP has announced the launch of...

NextEra Energy has announced Key Leadership appointments

NextEra Energy, Inc. has announced two key leadership appointments....

TCS Digital Hiring Program 2022: registration ends on April 2

India’s largest IT services company Tata Consultancy Services (TCS)...

How data-driven recruiting can help hiring teams

Data-driven recruiting is when you use tangible facts and...

Digital skills set to rise by 27.3 million over next year among Indian workers: Report

The number of Indian workers requiring digital skills for...

LTIMindtree Hiring: 600+ Hybrid and Remote Jobs

LTIMindtree, a leading global technology consulting and digital solutions...

Infosys Foundation to Bolster Women Empowerment in India

Infosys Foundation, the philanthropic and CSR arm of Infosys, announced...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/