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Accenture India to reduce employee head count by several thousands

Consulting company Accenture is cutting as many as 25,000 jobs worldwide. Accenture Layoffs would impact employees that are in a bottom 5% bucket based on Performance Appraisal. Accenture India also will Layoff several thousands of employees.

Accenture is cutting 25,000 jobs globally, then how will it not impact Accentures biggest base India that has over 1,70,000 employees in Accenture India. According to the sources, Accenture India will Layoff several thousand employees in India after the conclusion of the performance appraisal cycle that is underway.

Accenture spokesperson said in an emailed statement to Times Of India: Every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long-term fit for Accenture. This year, across all parts of our business and all career levels, we will identify nearly 5% of our people as our lowest performers who will transition out of Accenture. It is consistent with our actions each year.

The spokesperson also said, In India, we continue to hire. As part of our ongoing compensation programs, we also recently recognized a number of our people with bonuses and promotions.

Accenture has seen revenues collapse following the Covid-19 pandemic. In the latest quarter, revenue grew a mere 1.3%.

Source- TOI