accenture philippines

The Dublin-based consulting firm, Accenture, has announced that there will be headcount cuts for 19,000 jobs or 2.5% of its workforce worldwide over the next 18 months. We are also taking steps to lower our costs in fiscal year 2024 and beyond while continuing to invest in our business and our people to capture the significant growth opportunities ahead.” said by Accenture CEO, Julie Sweet. Accenture stated in a filing with the US Securities and Exchange Commission that it anticipates spending $1.5 billion on expenditures associated with the downsizing, of which $1.2 billion are directly associated with the layoffs. We’ve been doing that with pricing, but we’ve also been doing that with cost efficiencies and digitisation and we’ve identified an opportunity to go after structural cost.” According to Accenture's most recent annual report, they have employed 721,000 people in 2022. After a series of calls and text messages, the program supervisor called me asking to verify an alleged layoff at Accenture Manila that very day. The reason behind was that Accenture Manila has become overcrowded with project developers and consultants with no assignments or have prior projects that have been canceled or indefinitely put on hold. This development may not be a big surprise as Accenture (like many other multinational companies in the country) has been doing some belt-tightening measures since last year. Read more in our articles including "Accenture plans to cut 19,000 of its workforce worldwide" and "Accenture Manila cuts hundreds of jobs".