International Business News: IT services firm Accenture Plc on Thursday said it would cut about 19,000 jobs and lowered its annual revenue and profit projections as mass firings a

Accenture to cut 19,000 jobs, trims forecasts - Times of India

Accenture to layoff 19000 employees - over next 18 months

Backend Engineer

Accenture to layoff 19000 employees - over next 18 months- Grapevine

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

Accenture Layoff

Business Development Manager

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

Accenture to Layoff 19k employees

Senior Manager

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Founder

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.

Accenture India Layoffs

Project Manager

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’)

Consulting layoffs

Welcome to Software Engineers's Private Community

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

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

Software Engineer

https://www.desiqna.in/11475/cognizant-fires-18000-employees-gives-crore-joining-salary

Cognizant fires 18000 employees but gives 6 crore joining bonus and 57 crore salary to new CEO in new year - Desi QnA

Layoffs

Consultant

Is that true? Just saw one random article

Accenture fired 5000+ employees?!

Product Manager

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

As expected, with below par FY23 results , Accenture India have announced no base pay increase this year and considerably low bonus at all levels. 
High accumulation of top levels, high stakes acquisitions last year and some failed decisions are leading to this state where employees are getting financially impacted. While rest of the IT companies in India are seeing inclined growth, and sharing good increments this year (Wipro etc) , Accenture has decided to compromise on employee attrition.

No Base Pay Increase

Welcome to IT Company Discussion's Private Community

Hi All,

I have cleared the final round of interview with Accenture and I was told i will get a call from HR for further process but today I received a regret mail from Accenture stating they are unable to process my application due to not meeting the expected compensation.

At the initial stage they asked me for the expected CTC I mentioned a 60% hike, but I am ready to negotiate.

Without discussing they sent regret mail, how should I approach HR to negotiate or 
is my profile completely rejected?

Regret mail from Accenture for not meeting expected compensation

Senior Consultant

Google parent Alphabet on January 20 announced that plans to cut about 12,000 jobs or 6% of its global workforce, Bloomberg reported.

Google parent Alphabet to lay off 12,000 employees, 6% of total workforce

Google to lay off 12,000 employees worldwide

https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html

Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now.

Over 50,000 employees laid off by 153 companies globally in 2023 so far as Google joined the league

Massive layoffs

Customer Experience

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

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