Business

Accenture To Cut 5% Of Global Workforce: Sources

Accenture To Cut 5% Of Global Workforce: Sources

The company has about 2 lakh employees in India

IT consulting firm Accenture will lay off thousands of employees, as it is looking to cut at least 5 per cent of its global workforce, sources said. The move by the Dublin-based company comes amid increasing COVID-19 cases across the world, forcing many businesses to trim their operations and let go some of their workers. The company has about two lakh employees in India. 

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The replacement of laid-off workers is unlikely this year due to the coronavirus pandemic, sources said.

According to reports, the company normally replaces 5 per cent of its workforce with fresh talent every year.