The rise of AI is likely to lead to more job cuts, even as Accenture believes it will add more people on a net-net basis in the current fiscal year.
From the article: “This (H-1B) is really a non-issue because we only have about 5% of our people in the US on H-1B visas, and they are for really specialized experience and skills for our clients. So, you know, (this is) not something that is really a big impact on Accenture,” said Sweet."
- Sweet forgot (intentionally) to say that she moved thousands of jobs to India.
From the article: "Accenture said it had trimmed the company's headcount by 11,000 during June-August to end the year with 779,000 employees. The rise of AI is likely to lead to more job cuts, even as the company believes it will add more people on a net-net basis in the current fiscal year.
“We’re trying to—in a very compressed timeline where we don't have a viable path for skilling—sort of exiting people, so we can get more of the skills we need,” Sweet said."
https://www.livemint.com/companies/gen-ai-accenture-revenue-headcount-job-cuts-it-technology-wipro-h-1b-visa-trump-infosys-11758810002655.html