Why Accenture Is Laying Off 19,000 Employees: 5 Things To Know
‘Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,’ Accenture said.
Accenture’s Headcount Explosion In 2022
One of the biggest reasons why Accenture is cutting 19,000 employees is due to its rapid hiring in 2022.
Accenture increased its headcount by a whopping 39,000 employees between February 2022 to February 2023.
The company now has around 738,000 employees, compared to 699,000 in February 2022, according to Accenture.
This means that even after the 19,000 layoffs the company will be conducting, Accenture will have about 20,000 more employees than it did in early 2022.
“The year-over-year increase in our workforce reflects demand for our services and solutions, as well as people added in connection with acquisitions,” said Accenture in its recent filing. “We hire to meet current and projected future demand.”
Accenture has acquired more channel partners than anyone else in 2022, helping in its headcount explosion.