Business Standard

'Anxiety at peak': Accenture layoff move jolts Indian IT professionals

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Accenture
Premium

The company has more than 300,000 employees in India, one of its largest offshore centres. Industry sources said Accenture’s announcement could impact 2,000-2,500 people in India

Shivani Shinde Mumbai
“What does non-billable function mean?”

“I am non-billable, am scared as…”

“I have completed stream training and awaiting project allocation, should I be worried??”

India’s IT professionals are writing about their worries on a community app after IT services firm Accenture said on Thursday it will lay off 19,000 employees globally.

Accenture said that as part of its second quarter of fiscal 2023 results, cost optimisation efforts will “impact” 2.5 per cent, or 19,000 of its 738,000 employees. Of the 19,000, over half are from non-billable functions. The company has more than 300,000 employees in India, one of its largest offshore centres. Industry sources

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 24 2023 | 12:51 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com