Bengaluru: IT consulting firm Accenture will be firing at least 5 per cent of its global workforce.
The Dublin-based company is reportedly doing so because of the pandemic that has forced many businesses to trim their operations.
Accenture has 2 lakh employees in India. The vacated posts are unlikely to be refilled this year.
Accenture CEO Julie Sweet reportedly said the company is forced to reduce numbers, despite cutting subcontractors and halting fresh recruitment.
“In a normal year, we transition out about 5 per cent and we hire to replace them because we are in a demand scenario,” the CEO said. “Right now, we’re not in a demand scenario, so if we manage out the same percentage of people and don’t replace them, it allows us to continue to invest and preserve some people who have lower chargeability for when the market comes back.”
“This year, in addition to the normal 5 per cent, we’ve identified more people who need improvement… So we’re making sure…if we have to make other actions, we know where our performance is,” she added.
Bhubaneswar: Astronaut Sunita Williams feels that residents of planet Earth take small things in life a…
Bhubaneswar: At a time when he should have been grieving the loss of his son, Kailash…
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will receive the people's complaints in his grievance…
Mumbai: Actress Radhika Apte, who has been married to British composer Benedict Taylor since 2012,…
Mumbai: Kangana Ranaut’s ‘Emergency’ has finally been passed by the Central Board of Film Certification…
Bhubaneswar: In the wake of some habisyalis staging a protest for being denied free accommodation…
Mumbai: Shah Rukh Khan, the self-made superstar of Bollywood, received the Lifetime Achievement Award at…
Bengaluru: It was a clear error in judgment which resulted in Team India’s ignominous batting show…