Friday, October 31, 2025
spot_img

Accenture Lays Off Over 11,000 Employees Globally

spot_img
- Advertisement -

Accenture, the global IT and consulting firm, has laid off more than 11,000 employees over the past three months as part of a sweeping restructuring initiative aimed at aligning its workforce with emerging demands in artificial intelligence (AI).

The company’s headcount dropped from 791,000 in May to 779,000 by the end of August 2025.

The layoffs are tied to a $865 million business optimization program, which includes severance costs and asset impairments.

Accenture has indicated that further job cuts may continue through November, depending on the pace of its talent rotation and market conditions.

Compressed Timeline for Talent Rotation

Accenture Chair and CEO Julie Sweet explained that the company is “exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need.”

This approach reflects the company’s urgency in acquiring AI-related capabilities and its limited tolerance for gradual reskilling efforts.

The restructuring primarily affects roles that cannot be transitioned to support AI-driven services.

While the company continues to invest in upskilling, it acknowledges that it cannot retrain all employees quickly enough to meet evolving business needs.

AI Strategy Drives Talent Realignment

Accenture’s pivot toward AI is central to its long-term strategy.

The company has significantly expanded its AI and data talent pool, growing from 40,000 professionals two years ago to 77,000 in 2025.

The company has trained over 550,000 employees in generative AI fundamentals and is actively coaching staff in agentic AI technologies.

Generative AI projects contributed $5.9 billion in new bookings in fiscal year 2025, nearly doubling from the previous year.

This surge in demand underscores the company’s focus on building digital cores, preparing data, and reimagining processes for clients seeking AI-led transformation.

Accenture Financial Performance Remains Strong

Despite the layoffs, Accenture reported solid financial results.

Revenue for the June–August 2025 quarter rose 7% year-on-year to $17.6 billion, while full-year revenue reached $69.7 billion, also up 7%.

Net income for the year stood at $7.83 billion, reflecting a 6% increase.

The company expects revenue growth of 2–5% in fiscal year 2026 and aims to maintain its practice of expanding operating profit margins by at least 10 basis points annually.

CFO Angie Park noted that the company will generate over $1 billion in savings through restructuring and will reinvest it in workforce development and strategic priorities.


Note: We are also on WhatsApp, LinkedIn, and YouTube to get the latest news updates. Subscribe to our Channels. WhatsApp– Click HereYouTube – Click Here, and LinkedIn– Click Here.

spot_img

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

HCLTech Walk-in for freshers & experienced people on April 19

An Indian multinational information technology services and consulting company,...

Unlocking the Potential of Digital Learning

Digital Learning industry is booming, and will grow to...

HCL Tech, Noida employee tests positive

An employee of HCL Technologies, Noida has tested positive for...

Michelin appoints Nidhi Dhanju as Head HR

The leading tire company, Michelin has appointed Nidhi Dhanju...

Govt launches Amazon FE Program to train in coding & AI

Amazon announced the expansion of its partnership with National...

SAP is hiring for various roles Graduates & professionals Jobs

A German multinational software company, SAP is hiring for...

Cognizant layoffs employees due to failed background checks

An American multinational information technology services and consulting company,...

HCL Technologies Commences Operations in Sri Lanka

HCL Technologies Commences Operations in Sri Lanka, to create over 1,500 jobs

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus