The Irish-American skilled providers firm mentioned in a Thursday submitting that it could spend $US1.2 billion ($1.8 billion) in severance to chop 2.5 per cent of its workforce over the following 18 months, and one other $US300 million to consolidate its workplace house.
More than half of the axed roles can be amongst back-office employees, the corporate mentioned.
Accenture, which has 738,000 workers globally together with in Australia and New Zealand, mentioned in its newest quarterly report back to the Securities and Exchange Commission that it continues to rent, however had “initiated actions to streamline operations and transform our non-billable corporate functions to reduce costs”.
It shouldn’t be but identified how or if its Australian operations will likely be affected by the cuts.
The $US167 billion firm downgraded its income progress outlook for the 2023 fiscal yr to between 8 per cent and 10 per cent, from its earlier estimate of between 8 per cent and 11 per cent.
Shares in Accenture rose 3.9 per cent to hit $US263 ($393) apiece in early commerce after its announcement.
The New York-listed inventory is down by greater than 5 per cent over the previous 12 months.
Accenture’s rivals are additionally attempting to trim their prices.
It not simply consulting feeling the pinch.
Taken collectively, the cuts will cut back Meta headcount by about 25 per cent.
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Source: www.9news.com.au