Accenture has been losing revenue in specific areas and is publicly rebranding several practices due to the ongoing COVID pandemic and other issues. Several botched contracts early in the year did not help the situation, where management was at each others throats, ultimately self-destructing any goodwill from their teams. People actively engaged at certain clients were put under a microscope for performance, and when the management fell through and the budget was tight, that's when rumors started circulating. June saw a reduction at the top, with 10% gone from Industry X -- Accenture's newest iteration on the Industry 4.0 paradigm which is global manufacturing, robotics, digital twin, IIOT, PLM, MES, etc. Many cut in this first wave were upper management, directors, and sales managers. Many of these cuts were due to the industries affected by COVID losing revenue (manufacturing is down, supply chains are tight, airlines are not servicing near-to-capacity, make-to-order orders are low, automotive manufacturing is down, etc.). Another reduction of unspecified % happened in August, and yet another is planned if the rumors (which all came true so far) are to be believed. From what I know this impacted people who didn't have a skillset in the IIOT/DT area regardless of performance and chargeability, as this is how they want to rebrand the Industry X focus and cut out the other aspects of the organization or move them elsewhere. However the cuts have extended to several areas of the core Accenture business across the technology, management consulting, strategy consulting, and digital consulting branches. More TBD. #layoffs #accenture
Tata is Consulting , where as Accenture is Professional Services
Better words for saying the same thing
Slightly different. There's fewer staff Aug at Tata.
How is SAP area ? My cousin will be laid off from Accenture in October with rehire option. Do they rehire actually ?
SAP and ERP in general is mostly stable depending on your geolocation. Accenture DOES rehire. I am a rehire. I was brought back in 2019 after they reached out with a big salary increase over what I was getting at another consulting firm. However that other smaller consulting firm definitely had some advantages on Accenture...
Did you have to go through the entire interview process again for rehire?
Not surprised. I've lost a number of colleagues in these cuts.
I’ve lost a few colleagues too...a little concerned about myself tbh...anything on S&C?
Me too bud.
Sorry to say , many SAP resources were laid off.
Is accenture federal affected as well?
Accenture has more employees than some cities and states population. There’s fat that needs cutting but cutting chargeable staff ain’t it. This would never happen under Pierre, glad I got out before that idiot new CEO took over.
Does Accenture come in WITCH class?
Yep, any tech consultancy. IBM and even AWS consulting are in there
I am not sure what extacly ppl inferring In my understanding: I thought they salaries are low and make employees to work more That’s why they say witch. I don’t think aws comes under that
Accenture is consulting company like Tata?
Thank you for the post
Tata is the T in WITCH. Body shops and visa abusers.