ACCENTURE TO LAY OFF 25K STAFF, INDIA MAY BE HIT

Thousands of roles at Accenture could be impacted as the global IT and professional services company is looking to reduce at least 5% of its global workforce.

Accenture has a global workforce of around 5.13 lakh people and out of them, about 2 lakh are in India. The workforce reduction might have an impact on India operations.

In an emailed statement to PTI on Wednesday, Accenture said it was not planning "extraordinary global workforce actions" at this time.

The statement was in response to a query about plans to layoff people, including in India.

"Every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long term fit for Accenture.

"This year, across all parts of our business and all career levels, we will identify approximately 5% of our people as our lowest performers, and these individuals will transition out of Accenture. This is consistent with our actions each year," Accenture said.

In India, Accenture said it continues "to hire, and as part of our ongoing compensation programs, we also recently recognised a number of our people with bonuses and promotions".

The company will continue managing its business for the long term and critical to this is ensuring it has the right people with the right skills to best serve its clients, the statement said.

In the wake of the pandemic that has significantly disrupted economic activities , including in India, many companies are resorting to job cuts.