Accenture Layoffs

Video 641 A Layoff story that might have a positive spin?
Accenture is cutting staff it can't retrain in the age of AI — but it still plans to hire more people.
Loss of 800 people since August.
Accenture is a global professional services company that provides a wide range of services and solutions in strategy, consulting, digital, technology, and operations.
Accenture is "exiting" staff the company can't reskill for the AI era.
Despite layoffs, CEO Julie Sweet said head count is expected to grow in the next fiscal year.
"Advanced AI is becoming a part of everything we do," Sweet said.
Executives said on a Thursday earnings call that the firm has been "exiting" employees it can't retrain with artificial intelligence skills, while simultaneously planning to expand head count in the next fiscal year.
Despite the cuts, Sweet said Accenture's head count is expected to increase across all markets — including the US and Europe — in the coming financial year.
Accenture reported $69.7 billion in revenue for fiscal 2025, up 7% from a year earlier. Its shares fell 2.7% on Thursday.
Our No. 1 strategy is upskilling," CEO Julie Sweet said on the call. But "we are exiting on a compressed timeline, people where reskilling, based on our experience, is not a viable path for the skills we need."
Story by [email protected] (Lee Chong Ming)
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