Accenture To 'Exit' Staff That Cannot Be Retrained For Age of AI

Accenture has reduced its global workforce by more than 11,000 in the past three months and warned staff that more would be asked to leave if they cannot be retrained for the age of AI. From a report: The IT consulting group on Thursday detailed an $865 million restructuring programme and an outlook for the year ahead that reflects continuing sluggish corporate demand for consulting projects and a clampdown on spending within the US federal government.

'We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need,' chief executive Julie Sweet told analysts on a conference call. The company employed 779,000 people at the end of August, it said, down from 791,000 three months earlier, after beginning a round of lay-offs that will continue until the end of November. It did not say how many jobs had gone directly as a result of the restructuring, but said severance payments and other costs totalled $615 million in the quarter just ended and would be $250 million more in the current three-month period.

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