Accenture to lay off 5% of its global workforce

Technology major Accenture is expected to lay off around 25000 people or 5% of its global workforce. It was reported that the firm took the decision to improve its efficiency across the board.

According to the reports, Accenture CEO Julie Sweet held a virtual internal staff meeting, in which she explained the company identified some “real area of efficiencies”, which obviously have headcount implication.

All in all, approximately 25,000 people around the world – accounting for the bottom five percent of underperformers – could soon be looking for a new employer.
In India, it employs 2 lakh people, making it the employee hub for the technology major which has a global staff count of 5 lakh.

Accenture is not the only IT company to have laid off employees. Recently, Nasdaq-listed IT services firm Cognizant Technology Solutions Corp. which has more than 2 lakh employees in India, reportedly laid off thousands on the bench who were not actively involved in any project. IBM too has reportedly laid off about 2,000 employees globally.