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Accenture India Layoffs

Heard this morning from a friend who works at Accenture India, layoffs have begin once more. He said he is not sure if this is part of the 19000 that was announced during the earnings call.

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Kafkaa

Uber

a year ago

Layoffs done by high paying unicorns and big techs is still understandable but why are service based companies doing layoffs? They anyways pay low.
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Dhoni

Target

a year ago

Why is big tech layoffs understandable? Almost everyone is profitable, in billions of dollars except Amazon. Service companies won't get much projects during difficult times like these. Very less projects and a lot of employees
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ComplexCot69

Stealth

a year ago

What is the severance offered ?
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LigmaBallsach

Google

a year ago

3 months of notice.
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ReddyAnna

Swiggy

a year ago

Easy Excuse of laying off citing market forces
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Layoffs on

by HappySoul

Accenture

Accenture Layoff

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/amp_articleshow/98943110.cms?amp_js_v=0.1#webview=1&cap=swipe

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Layoffs on

by Dembele

PWC

Accenture to Layoff 19k employees

Roughly 2.5% of the workforce. Are there any details on teams and geographies impacted?

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Layoffs on

by Kuchacharakhlo

Stealth

Accenture fired 5000+ employees?!

Is that true? Just saw one random article

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Software Engineers on

by TheTiger

TIAA-CREF

Silent layoffs happenings across organizations

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

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Layoffs on

by Pana2008

Stealth

Consulting layoffs

Current recession giving ‘08 vibes to consulting companies in India: - Accenture Strategy considering layoffs - Deloitte (Consulting) considering layoffs - Mckinsey - already have done non-consulting layoffs - MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’) Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench. Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s). Brace for impact! (all unconfirmed, heard through ‘grapevine’)

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Layoffs on

by LeftBracket1

B2B SaaS

https://www.consultancy.in/news/4231/bain-company-fires-over-150-consultants-in-india-offices

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Layoffs on

by Kejriwal

Cisco

Confirmed - Massive layoffs at Cisco

https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/

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Layoffs on

by NoisyLook45

Acko

Layoffs at Bain India. At least 100+ people will be affected

Heard from people I know at Bain that they are laying off. This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding) A friend got impacted. Seems like this could be 10-15% of their consultants. Unprecedented.

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News Discussion on

by Newsjunkie

Network 18 Media & Investments Limited

Microsoft India layoffs

Microsoft layoffs Guys, know anything about Microsoft layoffs in India ? Friends there said they apparently layoff ppl in news, engineering roles