Accenture has announced that it will axe about 19,000 jobs in the next 18 months, the largest in a series of cuts across the consulting sector as companies battle rising costs and an uncertain economic outlook.
The New York-listed group said on Thursday that it expected to incur staff severance costs of $1.2bn and a further $300mn of expenses from the “consolidation of office space”.
The retrenchment will hit about 2.6 per cent of Accenture’s 738,000 staff, who provide consultancy and outsourcing services to large companies.
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