Accenture spent $2 billion in 3 years... to sack employees!

Accenture has reduced its workforce by more than 11,000 employees in the past quarter, spending over $2 billion on severance in recent years as the company undertakes a major restructuring driven by automation and changing industry demands.

https://www.msn.com/en-in/money/topstories/accenture-has-laid-off-over-11000-employees-it-has-spent-over-2-billion-in-severance-cost/ar-AA1NZs2v?ocid=finance-verthp-feeds

https://www.indiatoday.in/technology/news/story/accenture-layoffs-11000-jobs-cut-2-billion-severance-ai-shift-2798987-2025-10-07

Accenture layoffs: How much did IT consulting firm spend to reduce its workforce?

In fiscal 2024 and 2023, Accenture recorded business optimisation costs of $438 million and $1,063 million, respectively, primarily for employee severance, according to the company's annual report.

https://www.livemint.com/companies/news/it-layoffs-how-much-did-accenture-spend-to-reduce-its-workforce-11759850757340.html

#Layoffs #Severance #AI #Automation #Reorganization

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@wb cool down another BIGGGGG Wave is coming

@y6 The overspending and debt load is massive all to try to make the CEO look good so she can get a huge bonus by the inept and complicit board.

@wb

Revenue was bought via acquisitions (majority is all inorganic). 56% of it in the Padt 5 years.

@OP Accenture's debt load has ballooned to over $8B. Doubling over the past two years. Accenture is massively overspending and it has covered up as financing costs have skyrocketed. Post Covid, the "growth" has really been bloat and all done with smoke, mirrors, and lies.

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Accenture spent $2 billion in 3 years... to sack employees!

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