You may also want to consider accelerating discussions on early renewals to maximize your leverage in preserving existing favorable terms, rates, and existing star performers. Here are some of the major changes they made in 2020: May – Accenture paid out bonuses and gave promotions to more than half of its employees in India, doubling down on their top talent. UpperEdge helps companies develop and execute fact-based sourcing, negotiation, and project execution strategies to maximize their key IT supplier value. New Posts Accenture. A little more than a month later, it has come out that Accenture will be cutting as many as 25,000 jobs worldwide, targeting the bottom 5% of performers. Related: Technology Industry Layoffs – Complete Job Cut List. First, dust off those key personnel clauses. Posting as : works at Accenture Consulting Jun 11, 2020. With the lack of new talent coming into Accenture, companies should expect to see a shortage of top talent in key roles going forward. Accenture stock (NYSE: ACN) is roughly unchanged since the beginning of this year, but at the current price of around $202 per share, we believe Accenture stock has a … In an effort to cut their own costs … Accenture to fire 5 pc of its workforce; 10,000 employees in India to face termination The Australian Financial Review (AFR) reports that Accenture CEO … according to a July 2020 report from The Guardian, job cut trend across the IT consulting and IT services sector, coronavirus pandemic and associated economic fallout. Accenture, like others in the IT industry, has seen revenues collapse following the Covid-19 pandemic. What is even more concerning is Sweet’s statement, “This year, in addition to the normal 5%, we’ve identified more people who need improvement … So, we’re making sure … if we have to make other actions, we know where our performance is.”. Login | Sign Up . Get The App . Currently, IT industry is laying off … The layoffs reinforce a recent job cut trend across the IT consulting and IT services sector. Unknown 62 days ago. Share. 30 -jp, Your email address will not be published. Accenture acquired at least 18 companies from January through June 2020, according to ChannelE2E reporting. Post a comment below, find my other UpperEdge blogs and follow UpperEdge on Twitter and LinkedIn. Roughly 6 percent to 8 percent of Accenture’s UK staff — across all levels and all parts of the business — will be impacted, that report said. Topics . An inside look at Accenture culture, salaries, and reviews posted by verified Accenture employees. The New York-listed company employs 11,000 people in … You’ll want to ensure that you protect those resources who are critical to your programs and support. Sweet informed the company in a global staff meeting that it would not hire to replace the 5% as they would in a normal year because they are “not in a demand scenario”. The company has about 2 lakh employees in India. Still, diverse IT consulting revenue stream may help to stem further cuts. If Accenture is unable to draw down on these resources from existing accounts, don’t be surprised if they underwhelm you when presenting their team and capabilities. Lastly, the pandemic is a unique situation that put pressure on everyone to cut and optimize costs. A company memo sent to UK staff stated “The crisis has caused additional strain on the business due to lower demand and reduced national attrition. This statement, combined with Accenture’s decision to halt standard hiring practices, does seem to indicate Accenture’s bear market view for its services in the near term. The pandemic has prompted businesses to hit the brakes on their large transformation projects, seek ways to reduce project costs, or even in some cases, cancel projects indefinitely. In particular, high-performing senior resources are at risk of being transitioned out of projects as Accenture looks to put their stars in front of new prospects to win new business. 10,001+ Employees . You can also subscribe without commenting. IBM, Cognizant, Accenture Starts Firing Employees Due To Coronavirus. Address will not be published 700 to 900 employees in the latest quarter, revenue a... From the Guardian billion, the pandemic is a unique situation that put pressure on everyone to cut own... ’ ll want to ensure that you protect those resources who are critical to secure benchmarks as a for! Had excellent feedbacks-were later modified inorder to push them for layoff cut.! The co. is not back-filling for these positions Starts Firing employees Due lower! Accenture Digital Jun 11, 2020 as a baseline for negotiations overall &. Secure benchmarks as a baseline for negotiations companies most is not back-filling these... 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