Accenture: History of a Fortune500 firm that's laying off 2.5% of its staff

The world's largest consulting firm by head count in 2022 acquired its present name when it extricated itself from parent Arthur Andersen

IT services and consulting giant Accenture said in a filing on Thursday, that it was laying off 19,000 employees as part of a cost-cutting drive. The move comes despite the fact that the company reported double-digit revenue growth in the second quarter of FY23.

About 2.5 per cent of Accenture's 738,000 employees worldwide will be impacted. India might take the lion's share most of the layoffs as 300,000=plus employees live and work here.

Accenture announced revenues of $15.8 billion for the second quarter of fiscal 2023, which concluded on February 28, 2023, up from $15.05 billion in the corresponding period