Tech layoffs continue: Accenture to axe 19,000 employee

The layoffs will primarily affect staff at non-billable corporate function

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Accenture's decision to fire employees will affect about 2.5% of its workforce. The layoffs will primarily affect staff at the company's non-billable corporate functions, with half of them staring at termination

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The layoffs are to support strategic growth priorities: Accenture

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"While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023

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Recession-wary enterprises to slash technology budget

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The company expects its earnings per share to be between $10.84 to $11.06 compared to $11.20 to $11.52 previously.

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The company has set aside $1.2 billion for severance pay

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Accenture is expected to complete its streamlining process in the next 18 months. The company said it has set aside $1.2 billion for severance pay.

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