InvestorQ : Why is Accenture laying off people so aggressively from its workforce?
prachi Patwardhan made post

Why is Accenture laying off people so aggressively from its workforce?

Answer
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sara Kunju answered.
1 month ago


Accenture with over 5 lakh employees globally is planning to cut 5% workforce, largely based on performance. In India, thousands of techies could lose jobs owing to the sluggish business environment in the aftermath of the pandemic.

India has the largest Accenture employee base and it employs nearly 2 lakh people so at least 10,000 could get laid off in India itself. Accenture has underlined that this is more of a routine realignment of workforce and not some kind of mass retrenchment.

It may be recollected that Accenture has already undertaken cutting subcontractors and halting fresh recruitment. However, the company still needs to reduce numbers to be able to justice to its existing staff and reward the high performers.