Accenture Cuts 11,000 Jobs in $865M AI Transformation, Threatens Termination for Staff Who Fail Training
Summary
Accenture slashes 11,000 jobs from its 791,000-person workforce in an $865 million AI transformation restructuring, threatening to terminate employees who fail mandatory AI training programs despite 7% revenue growth.
Key Points
- Accenture lays off 11,000 employees from its workforce of 791,000 as part of an $865 million restructuring program focused on AI transformation
- The company warns that staff unable to complete AI training and reskilling programs will face termination, while acquiring AI specialist Aidemy Inc to strengthen its capabilities
- Despite revenue growing 7% year-over-year, Accenture's shares drop 2.7% following the restructuring announcement amid concerns over program costs