Related: Technology Industry Layoffs – Complete Job Cut List. Here are some of the major changes they made in 2020: May – Accenture paid out bonuses and gave promotions to more than half of its employees in India, doubling down on their top talent. What is even more concerning is Sweet’s statement, “This year, in addition to the normal 5%, 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.”. Share. Accenture layoffs: In a setback to thousands of Indian employees, Accenture, the global professional services company is set to lay off 5 percent of its workforce. Accenture to fire 5 pc of its workforce; 10,000 employees in India to face termination The Australian Financial Review (AFR) reports that Accenture CEO … Accenture is to cut up to 900 jobs in the UK as the consultancy firm reduces costs in the face of lower demand for its services. Save my name, email, and website in this browser for the next time I comment.  =  Login | Sign Up . AT&T is engaged in sweeping layoffs, according to a new report from Axios, which also suggested that the telecom giant is engaged in significant outsourcing. according to a July 2020 report from The Guardian, job cut trend across the IT consulting and IT services sector, coronavirus pandemic and associated economic fallout. IT consulting firm Accenture will lay off thousands of employees, as … The closer you get to renewal, the less leverage you’ll have as those high performers will no doubt be committed early to new business or key client engagements. Updated: 27 Aug 2020, 07:03 AM IST Ayushman Baruah. The pandemic has prompted businesses to hit the brakes on their large transformation projects, seek ways to reduce project costs, or even in some cases, cancel projects indefinitely. Ey layoffs 2020. Lastly, the pandemic is a unique situation that put pressure on everyone to cut and optimize costs. Topics . Required fields are marked *. Years later, I realized the steps the CEO took saved the company. The larger concern for companies is that Accenture is not back-filling for these positions. There are grave mal-practices internally. Accenture layoffs could impact 25,000 employees or 5 percent of staff at global IT consulting firm, report says. The company has about 2 lakh employees in India. This statement, combined with Accenture’s decision to halt standard hiring practices, does seem to indicate Accenture’s bear market view for its services in the near term. In an effort to cut their own costs amid decreasing demand, consulting companies like Accenture are turning to layoffs. Post a comment below, find my other UpperEdge blogs and follow UpperEdge on Twitter and LinkedIn. In the latest quarter, revenue grew a mere 1.3%. Layoffs should start top down. Accenture reported solid second quarter results and cut its fiscal 2020 outlook based on the COVID-19 pandemic, but more importantly highlighted what's happening on the ground as … ×  The global IT consulting firm will make the UK cuts from July through September 2020. In an effort to cut their own costs … I was a layoff victim at a major media company in 2001. Ideally, you set clear and strong expectations for your named resources from the start and can continue (or begin) to hold them accountable in your SI quality reviews. If Accenture is unable to draw down on these resources from existing accounts, don’t be surprised if they underwhelm you when presenting their team and capabilities. I think it’s important for companies to not be immediately alarmed by Accenture’s most recent workforce reductions as this is a common ongoing practice to weed out the non-performers and reward the high performers. 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