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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.
Other Large Solution Providers, Tech Giants Are Cutting
Accenture isn’t the only massive solution provider laying off employees.
In fact, consulting superstar KPMG announced in February that it would be slashing nearly 2 percent of its U.S. workforce due to a slowdown in demand.
Additionally, McKinsey—another massive IT services and consulting firm—is likely to lay off up to 2,000 staff, according to a report by Bloomberg. If true, it would be one of the company’s largest layoff round ever.
And it’s not just large solution providers cutting their workforce. The largest technology companies in the world, including Amazon, Dell Technologies, Microsoft and Google, have all announced large layoff rounds in 2023.
Software and cloud giant Microsoft is laying off 10,000 employees.
Amazon is slashing a total of 27,000 employees, including a recent 9,000 layoff round that will include cloud computing market leader Amazon Web Services.
Server and storage market leader Dell Technologies will slash approximately 6,650 jobs, while search and cloud superstar Google will lay off around 12,000 employees.
Although the 19,000 layoffs at Accenture might appear to be massive, its on par with many fellow IT giants in 2023.
