Channel News
Why Accenture Is Laying Off 19,000 Employees: 5 Things To Know
Mark Haranas
‘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 Acquires More Companies Than Anyone
Accenture is the market leader in acquisitions in the channel partner community. The M&A behemoth acquired well over 20 companies in 2022 alone.
Furthermore, Accenture’s acquisition spree isn’t slowing down in 2023. In fact, just this week Accenture unveiled it will add over 120 new employees via its acquisition of India-based artificial intelligence company Flutura.
Accenture’s acquisitions are on a global scale, from Barcelona-based Alfa and Japan-based Trancom ITS to Norcross, Georgia-based Advocate Networks.
Each of Accenture’s roughly 25 acquisitions last year means the company is adding hundreds or thousands of new employees under the Accenture umbrella with each purchase.
This is also one of the main drivers to Accenture’s record-breaking $22.1 billion in bookings during its recent second fiscal quarter.
“New bookings [include] new contracts, including those acquired through acquisitions,” said Accenture in its SEC filing. “As well as renewals, extensions and changes to existing contracts.”
