Accenture Industry X Layoffs Ongoing
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
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