Global tech giant Accenture has reportedly let go of 11,000 employees. The firm said on Thursday that it may have to lay off more employees in the coming months. The layoffs took place amid the company's push to integrate artificial intelligence into its workflow.<h2>Accenture launches restructuring program</h2>The company said in a statement that it has devised&nbsp;a&nbsp; $865 million restructuring programme because of the expected slump in growth due to sluggish corporate demand.&nbsp;CEO Julie Sweet said that the company is "exiting" people to get more "skills we need".&nbsp;“We’re trying to—in a very compressed timeline where we don't have a viable path for skilling—sort of exiting people, so we can get more of the skills we need," she was quoted as saying by Mint.She said the company is exiting those for whom reskilling isn't a viable&nbsp;path.&nbsp;Accenture had 7,79,000 employees in August, 11000 less than the figure released three months prior.&nbsp;The&nbsp;company says the&nbsp;layoffs will continue&nbsp;till November.&nbsp;The company is expecting to save a billion dollars after executing its restructuring program.&nbsp;It is also training its staff in agentic artificial intelligence, reported Bloomberg, adding that they are teaching the basics of the technology to the employees.&nbsp;In the June-August 2025 quarter, Accenture's revenue rose to $17.60 billion year-on-year.&nbsp;"I am very pleased with our 7 per cent growth in fiscal 2025, demonstrating our unique ability to deliver for our clients as they seek our help to reinvent and lead with AI," Sweet said.

Global tech giant Accenture has reportedly let go of 11,000 employees. The firm said on Thursday that it may have to lay off more employees in the coming months. The layoffs took place amid the company's push to integrate artificial intelligence into its workflow.

Global tech giant Accenture has reportedly let go of 11,000 employees. The firm said on Thursday that it may have to lay off more employees in the coming months. The layoffs took place amid the company's push to integrate artificial intelligence into its workflow. Accenture launches restructuring program The company said in a statement that it has devised a $865 million restructuring programme because of the expected slump in growth due to sluggish corporate demand. CEO Julie Sweet said that the company is "exiting" people to get more "skills we need". “We’re trying to—in a very compressed timeline where we don't have a viable path for skilling—sort of exiting people, so we can get more of the skills we need," she was quoted as saying by Mint. She said the company is exiting those for whom reskilling isn't a viable path. Accenture had 7,79,000 employees in August, 11000 less than the figure released three months prior. The company says the layoffs will continue till November. The company is expecting to save a billion dollars after executing its restructuring program. It is also training its staff in agentic artificial intelligence, reported Bloomberg, adding that they are teaching the basics of the technology to the employees. In the June-August 2025 quarter, Accenture's revenue rose to $17.60 billion year-on-year. "I am very pleased with our 7 per cent growth in fiscal 2025, demonstrating our unique ability to deliver for our clients as they seek our help to reinvent and lead with AI," Sweet said.

Accenture layoffs: The company is training its employees in artificial intelligence. The firm says it has not “exited” those for whom reskilling wasn't a viable option.&nbsp;

Accenture layoffs: 11,000 jobs lost amid firm's AI push. More layoffs coming?

Nvidia has deepened ties with technology consultant Accenture as part of its campaign to spur the deployment of artificial intelligence in businesses and thereby ramp up demand for its semiconductor products.

The partnership will see Accenture establish an Nvidia Business Group devoted to assisting clients in using and scaling generative AI tools, said the companies in a statement issued on Wednesday. Accenture has trained 30,000 specialists to use Nvidia's technology to help their customers implement and benefit from the technology in a very short period.

While Nvidia's chips dominate AI hardware deployments, orders mostly come from just a few of the largest data centre operators, including Microsoft Corp., Amazon.com Inc.'s AWS and Alphabet Inc.'s Google. Analysts and investors have complained that the tens of billions of dollars companies are sinking into new infrastructure haven't yet produced a financial payback that's worth the expense.

Nvidia has responded with a wave of software, services, and hardware that makes the technology more accessible and useful to a wider range of customers, all geared to sustaining what Nvidia Chief Executive Officer Jensen Huang describes as a new industrial revolution.

Huang told CNBC he considers Accenture the "connective fabric" between Nvidia's technology and customers. He and Accenture Chief Executive Julie Sweet began mulling the deal four months ago, Huang said.

Nvidia's CEO also provided an update on its newest line of chips, Blackwell. It is currently being produced in full volume and ahead of schedule. There had been concerns that production snags might slow the product’s rollout.

“Demand for Blackwell is insane,” he told CNBC. “Everybody wants the most, and everybody wants to be first.”

Nvidia shares, which were up 1.6 per cent on Wednesday in New York, rose more than 1 per cent in extended trading following these comments.

Accenture has invested very heavily in generative AI and introduced its so-called AI Refinery using Nvidia's technology in July. The tool empowers clients to build bespoke large language models to power AI applications specific to their industries. The company attributed its most recent quarterly earnings beat to high demand for its help in deploying generative AI.

According to Lan Guan, AI lead at Accenture, 9 out of 10 organisations now feel that generative AI is going to have an impact, but less than 10 per cent have found a way to make it work for them yet.

Nvidia has deepened ties with technology consultant Accenture as part of its campaign to spur the deployment of artificial intelligence in businesses and thereby ramp up demand for its semiconductor products.

Nvidia has deepened ties with technology consultant Accenture as part of its campaign to spur the deployment of artificial intelligence in businesses and thereby ramp up demand for its semiconductor products. The partnership will see Accenture establish an Nvidia Business Group devoted to assisting clients in using and scaling generative AI tools, said the companies in a statement issued on Wednesday. Accenture has trained 30,000 specialists to use Nvidia's technology to help their customers implement and benefit from the technology in a very short period. While Nvidia's chips dominate AI hardware deployments, orders mostly come from just a few of the largest data centre operators, including Microsoft Corp., Amazon.com Inc.'s AWS and Alphabet Inc.'s Google. Analysts and investors have complained that the tens of billions of dollars companies are sinking into new infrastructure haven't yet produced a financial payback that's worth the expense. Nvidia has responded with a wave of software, services, and hardware that makes the technology more accessible and useful to a wider range of customers, all geared to sustaining what Nvidia Chief Executive Officer Jensen Huang describes as a new industrial revolution. Huang told CNBC he considers Accenture the "connective fabric" between Nvidia's technology and customers. He and Accenture Chief Executive Julie Sweet began mulling the deal four months ago, Huang said. Nvidia's CEO also provided an update on its newest line of chips, Blackwell. It is currently being produced in full volume and ahead of schedule. There had been concerns that production snags might slow the product’s rollout. “Demand for Blackwell is insane,” he told CNBC. “Everybody wants the most, and everybody wants to be first.” Nvidia shares, which were up 1.6 per cent on Wednesday in New York, rose more than 1 per cent in extended trading following these comments. Accenture has invested very heavily in generative AI and introduced its so-called AI Refinery using Nvidia's technology in July. The tool empowers clients to build bespoke large language models to power AI applications specific to their industries. The company attributed its most recent quarterly earnings beat to high demand for its help in deploying generative AI. According to Lan Guan, AI lead at Accenture, 9 out of 10 organisations now feel that generative AI is going to have an impact, but less than 10 per cent have found a way to make it work for them yet.

Nvidia partners with Accenture to accelerate AI adoption in businesses

In its first silicon design acquisition in India, tech consulting giant Accenture has purchased Bengaluru-based Excelmax technologies. Financial terms were not disclosed yet.

Accenture acquires Bengaluru’s Excelmax Technologies

In its first silicon design acquisition in India, tech consulting giant Accenture has purchased Bengaluru-based Excelmax technologies.

Financial terms were not disclosed yet.

But this acquisition bolsters Accenture’s silicon design and engineering capabilities, with Excelmax providing custom silicon solutions for consumer devices, data centres, artificial intelligence (AI), and edge AI deployments, serving the automotive, telecommunications, and high-tech sectors.

The deal brings Excelmax’s 450-strong engineering team into Accenture's fold and puts a spotlight on India's becoming a key player in chip design.

Founded in 2019, Excelmax offers comprehensive semiconductor solutions, from high-level design to detailed physical layout and full turnkey execution.

Accenture noted the need for advanced chips due to emerging technologies like generative AI and connected products.

Excelmax's expertise will enhance Accenture’s capabilities across the silicon design and development spectrum.

The semiconductor market is booming due to rising AI and edge computing demands, driven by consumer electronics growth.

Accenture’s inorganic growth strategy is evident, having acquired 35 companies for 5.2 billion dollars in FY24.

This acquisition aligns with trends in the engineering design space, which has seen significant M&amp;A activity.

In its first silicon design acquisition in India, tech consulting giant Accenture has purchased Bengaluru-based Excelmax technologies. Financial terms were not disclosed yet. But this acquisition bolsters Accenture’s silicon design and engineering capabilities, with Excelmax providing custom silicon solutions for consumer devices, data centres, artificial intelligence (AI), and edge AI deployments, serving the automotive, telecommunications, and high-tech sectors. The deal brings Excelmax’s 450-strong engineering team into Accenture's fold and puts a spotlight on India's becoming a key player in chip design. Founded in 2019, Excelmax offers comprehensive semiconductor solutions, from high-level design to detailed physical layout and full turnkey execution. Accenture noted the need for advanced chips due to emerging technologies like generative AI and connected products. Excelmax's expertise will enhance Accenture’s capabilities across the silicon design and development spectrum. The semiconductor market is booming due to rising AI and edge computing demands, driven by consumer electronics growth. Accenture’s inorganic growth strategy is evident, having acquired 35 companies for 5.2 billion dollars in FY24. This acquisition aligns with trends in the engineering design space, which has seen significant M&A activity.

Accenture acquires Excelmax to boost silicon design capabilities in India

Accenture announced important leadership changes on Tuesday, naming Angie Park as the new Chief Financial Officer (CFO) beginning December 1. Park, who now oversees Accenture's Business and Commercial Finance group, will succeed KC McClure. Park, who has worked at Accenture for nearly three decades, formerly served as CFO for the Accenture Technology Services and Investor Relations business.<o:p></o:p>

<h2 class="MsoNormal">New chief technology officer role for Karthik Narain<o:p></o:p></h2>

In addition to Park's promotion, Accenture announced that Karthik Narain, the current Chief Executive for Technology, will take on the role of Chief Technology Officer beginning September 1. These significant hires come as Accenture navigates an ever-changing economic landscape that has influenced client spending on advisory services.<o:p></o:p>

<h2 class="MsoNormal">Economic uncertainty impacts financial forecasts<o:p></o:p></h2>

During these leadership changes, Accenture lowered its fiscal year 2024 revenue target, citing economic uncertainties. The company now expects sales growth in the 1 per cent to 3 per cent range, down from the earlier prediction of 2 per cent to 5 per cent. This adjustment reflects clients' cautious spending in the face of economic uncertainty.<o:p></o:p>

<h2 class="MsoNormal">The decline in new bookings and revenue segments<o:p></o:p></h2>

Accenture's most recent financial reports reveal a 2 per cent reduction in new bookings, totalling $21.58 billion in the second quarter. Additionally, revenue for its Communications, Media &amp; Technology business witnessed an 8 per cent year-over-year fall. These data highlight the challenges Accenture confronts as it adapts its leadership and strategy to better reflect current market conditions.<o:p></o:p>

(With inputs from Agencies)<o:p></o:p>

Accenture announced important leadership changes on Tuesday, naming Angie Park as the new Chief Financial Officer (CFO) beginning December 1. Park, who now oversees Accenture's Business and Commercial Finance group, will succeed KC McClure.

Accenture announced important leadership changes on Tuesday, naming Angie Park as the new Chief Financial Officer (CFO) beginning December 1. Park, who now oversees Accenture's Business and Commercial Finance group, will succeed KC McClure. Park, who has worked at Accenture for nearly three decades, formerly served as CFO for the Accenture Technology Services and Investor Relations business. New chief technology officer role for Karthik Narain In addition to Park's promotion, Accenture announced that Karthik Narain, the current Chief Executive for Technology, will take on the role of Chief Technology Officer beginning September 1. These significant hires come as Accenture navigates an ever-changing economic landscape that has influenced client spending on advisory services. Economic uncertainty impacts financial forecasts During these leadership changes, Accenture lowered its fiscal year 2024 revenue target, citing economic uncertainties. The company now expects sales growth in the 1 per cent to 3 per cent range, down from the earlier prediction of 2 per cent to 5 per cent. This adjustment reflects clients' cautious spending in the face of economic uncertainty. The decline in new bookings and revenue segments Accenture's most recent financial reports reveal a 2 per cent reduction in new bookings, totalling $21.58 billion in the second quarter. Additionally, revenue for its Communications, Media & Technology business witnessed an 8 per cent year-over-year fall. These data highlight the challenges Accenture confronts as it adapts its leadership and strategy to better reflect current market conditions. (With inputs from Agencies)

Accenture appoints Angie Park as new CFO, announces leadership changes

Here we bring you a quick round-up of all latest news, top headlines and international breakings from all across the globe, stay tuned with Gravitas for more!

Gravitas Global Headlines: Accenture says it will lay off 19,000 employees

IT giant Accenture would cut about 19,000 jobs which represents 2.5% of its workforce. The company announced that more than half of layoffs would impact employees in its non-believable corporate functions.

Accenture to lay off 2.5% of its staff, totaling 19,000 employees! | World Business News

Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000. This comes amid a worsening global economic outlook and the firing spree across the IT sector.&nbsp;

The company is also expecting a considerable dip in its annual revenue amid speculations that global companies might look forward to slashing their IT budgets amid the financial crisis. The company now estimates its annual revenue growth to be in the range of 8% to 10%, lower than the previously estimated range of 8% to 11%.

Watch:&nbsp;Gravitas: Tech layoffs: Is your job safe?

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As per a statement released by the company, revenue for the current quarter is expected to be between $16.1 billion and $16.7 billion. Accenture reported that its new bookings increased by 13% to $22.1 billion during the quarter, while its revenues increased by 5% to $15.8 billion.&nbsp;

During the second quarter, Accenture reported business optimisation expenses of $244 million. Through the fiscal year 2024, the corporation projected that its total costs will be close to $1.5 billion.

The corporation disclosed that more than half of the layoffs will directly affect employees at its non-billable corporate functions. The company's shares increased 4 per cent before the closing bell.&nbsp;

Accenture's announcement comes amid a layoff spree in the IT and tech sector. Tech giants including Google, Meta and Amazon have already set in motion a wave of layoffs, and experts predict that it will last at least through the first half of 2023.

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/amazon-announces-second-round-of-layoffs-9000-more-employees-to-lose-their-jobs-573984">Amazon announces second round of layoffs; 9,000 more employees to lose jobs</a>

As concerns about a coming recession grow, Amazon has announced another 9,000 job layoffs across its cloud services, advertising, and Twitch departments. Meta has also reduced its total workforce by 20,000 since September last year. Chief Executive Officer Mark Zuckerberg recently warned that the climate of layoffs might last for many years to come. 
 
(With inputs from agencies) 
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Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000. This comes amid a worsening global economic outlook and the firing spree across the IT sector.

Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000. This comes amid a worsening global economic outlook and the firing spree across the IT sector. The company is also expecting a considerable dip in its annual revenue amid speculations that global companies might look forward to slashing their IT budgets amid the financial crisis. The company now estimates its annual revenue growth to be in the range of 8% to 10%, lower than the previously estimated range of 8% to 11%. Watch: Gravitas: Tech layoffs: Is your job safe? × As per a statement released by the company, revenue for the current quarter is expected to be between $16.1 billion and $16.7 billion. Accenture reported that its new bookings increased by 13% to $22.1 billion during the quarter, while its revenues increased by 5% to $15.8 billion. During the second quarter, Accenture reported business optimisation expenses of $244 million. Through the fiscal year 2024, the corporation projected that its total costs will be close to $1.5 billion. The corporation disclosed that more than half of the layoffs will directly affect employees at its non-billable corporate functions. The company's shares increased 4 per cent before the closing bell. Accenture's announcement comes amid a layoff spree in the IT and tech sector. Tech giants including Google, Meta and Amazon have already set in motion a wave of layoffs, and experts predict that it will last at least through the first half of 2023. Also Read | Amazon announces second round of layoffs; 9,000 more employees to lose jobs As concerns about a coming recession grow, Amazon has announced another 9,000 job layoffs across its cloud services, advertising, and Twitch departments. Meta has also reduced its total workforce by 20,000 since September last year. Chief Executive Officer Mark Zuckerberg recently warned that the climate of layoffs might last for many years to come. (With inputs from agencies) WATCH WION LIVE HERE ×

Accenture to lay off 19,000 employees as revenue growth tumbles

Social media moderators for <a href="https://www.wionews.com/world/google-sparks-criticism-as-it-redesigns-it-search-page-makes-ads-look-like-organic-results-276570">Google</a> and <a href="https://www.wionews.com/india-news/now-trump-brags-about-beating-pm-modi-on-facebook-276206">Facebook</a> hired by <a href="https://www.wionews.com/science-tech/accenture-teams-up-with-microsoft-to-provide-legal-identification-to-refugees-17064">Accenture</a> have been asked to sign&nbsp;a disclosure agreement for post-traumatic stress disorder(PTSD).

The step has been taken to ensure that the content moderators understand that the job can cause <a href="https://www.wionews.com/world/hong-kong-adverse-impact-of-protest-on-mental-health-of-its-citizens-273375">PTSD</a> and thus, avoid it.

Also read:&nbsp;<a href="https://www.wionews.com/world/hong-kong-adverse-impact-of-protest-on-mental-health-of-its-citizens-273375">After violence, one-third of Hong Kong citizens reported PTSD symptoms</a>

Social media moderators are responsible for monitoring and filtering content and images that are objectionable and disturbing.

''The wellbeing of the workers is the company's top priority,'' the company said in a statement.

''Only those who join the company recently recently are being asked to sign the forms,'' it added.

Also read: <a href="https://www.wionews.com/world/first-ever-code-to-police-internet-social-media-giants-to-be-confined-by-code-of-conduct-275893">First-ever code to police internet, social media giants to be confined by code of conduct</a>

The employees of the company in the <a href="https://www.wionews.com/world/us-demands-social-media-details-email-addresses-for-5-years-from-visa-applicants-223685">US </a>and across <a href="https://www.wionews.com/world/europe-trip-to-get-costlier-as-schengen-visa-fee-hiked-to-eu80-from-february-2-274424">Europe </a>were sent the documents on January 25.

In these documents, support services such as a hotline and a wellness coach have ben offered to them.

Although they aim at offering psychological support to content moderators but they have not employed medical professionals and are not capable of diagnosing or treating mental disorders.

Interesting, lawsuits were filed by former content moderators against <a href="https://www.wionews.com/science-tech/facebook-changes-algorithm-to-curb-tiny-group-of-spammers-17547">Facebook </a>over an array of mental health issues in California and Ireland.

Social media moderators for Google and Facebook hired by Accenture have been asked to sign a disclosure agreement for post-traumatic stress disorder(PTSD). The step has been taken to ensure that the content moderators understand that the job can cause PTSD and thus, avoid it.

Social media moderators for Google and Facebook hired by Accenture have been asked to sign a disclosure agreement for post-traumatic stress disorder(PTSD). The step has been taken to ensure that the content moderators understand that the job can cause PTSD and thus, avoid it. Also read: After violence, one-third of Hong Kong citizens reported PTSD symptoms Social media moderators are responsible for monitoring and filtering content and images that are objectionable and disturbing. ''The wellbeing of the workers is the company's top priority,'' the company said in a statement. ''Only those who join the company recently recently are being asked to sign the forms,'' it added. Also read: First-ever code to police internet, social media giants to be confined by code of conduct The employees of the company in the US and across Europe were sent the documents on January 25. In these documents, support services such as a hotline and a wellness coach have ben offered to them. Although they aim at offering psychological support to content moderators but they have not employed medical professionals and are not capable of diagnosing or treating mental disorders. Interesting, lawsuits were filed by former content moderators against Facebook over an array of mental health issues in California and Ireland.

Social media moderators asked to sign Post Traumatic Stress Disorder disclosure

Accenture&nbsp;and Microsoft Corp are teaming up to build a digital ID network using blockchain technology. This comes as part of a United Nations support for a project to provide legal identification to 1.1 billion people having no official documents. The project aims to provide refugees with better access to education and healthcare.

The new platform will connect existing record-keeping systems of commercial and public entities through blockchain. This will allow users to access their personal information wherever they are. For example, refugees who have fled their country leaving behind birth or education paper certificates would still be able to provide proof of those credentials through the system.

The companies unveiled a prototype of the network on Monday at the UN headquarters in New York during the second summit of ID2020. ID2020 is a public-private consortium that promotes the UN 2030 Sustainable Development Goal of providing a legal identity for everyone on the planet. The prototype was built on top of an existing Accenture platform, which powers the biometric identity management system used by the UN High Commissioner for Refugees.

Accenture and Microsoft, which worked on the prototype with managed service provider Avanade, &nbsp;are inviting other companies to join their project. &nbsp;PricewaterhouseCoopers and Cisco Systems are among the organizations involved in ID2020.

Blockchain, first developed as a public ledger of all transactions in the digital currency bitcoin, is increasingly being used to securely track data in other fields.

&quot;Without an identity, you can&#39;t access education, financial services, healthcare, you name it. You are disenfranchised and marginalized from society,&quot; David Treat, a managing director in Accenture&#39;s financial services practice, said in an interview. &quot;Having a digital identity is a basic human right.&quot;

The global business strategist at Microsoft, Yorke Rhodes, &nbsp;said in an interview that one of the main advantages of blockchain is that it allows systems of different organizations to communicate with each other.&nbsp; 
&quot;What ID2020 is truly focused on is bringing together an alliance of stakeholders to ensure the technology that is being developed is responsive to the needs of individuals,&quot; Dakota Gruener, executive director at ID2020, said in an interview.

&quot;Technology is only one piece of this.&quot;

This comes as part of a United Nations support for a project to provide legal identification to 1.1 billion people having no official documents

Accenture and Microsoft Corp are teaming up to build a digital ID network using blockchain technology. This comes as part of a United Nations support for a project to provide legal identification to 1.1 billion people having no official documents. The project aims to provide refugees with better access to education and healthcare. The new platform will connect existing record-keeping systems of commercial and public entities through blockchain. This will allow users to access their personal information wherever they are. For example, refugees who have fled their country leaving behind birth or education paper certificates would still be able to provide proof of those credentials through the system. The companies unveiled a prototype of the network on Monday at the UN headquarters in New York during the second summit of ID2020. ID2020 is a public-private consortium that promotes the UN 2030 Sustainable Development Goal of providing a legal identity for everyone on the planet. The prototype was built on top of an existing Accenture platform, which powers the biometric identity management system used by the UN High Commissioner for Refugees. Accenture and Microsoft, which worked on the prototype with managed service provider Avanade, are inviting other companies to join their project. PricewaterhouseCoopers and Cisco Systems are among the organizations involved in ID2020. Blockchain, first developed as a public ledger of all transactions in the digital currency bitcoin, is increasingly being used to securely track data in other fields. "Without an identity, you can't access education, financial services, healthcare, you name it. You are disenfranchised and marginalized from society," David Treat, a managing director in Accenture's financial services practice, said in an interview. "Having a digital identity is a basic human right." The global business strategist at Microsoft, Yorke Rhodes, said in an interview that one of the main advantages of blockchain is that it allows systems of different organizations to communicate with each other. "What ID2020 is truly focused on is bringing together an alliance of stakeholders to ensure the technology that is being developed is responsive to the needs of individuals," Dakota Gruener, executive director at ID2020, said in an interview. "Technology is only one piece of this."

Accenture teams up with Microsoft to provide legal identification to refugees

Consulting and outsourcing company Accenture reported an 8.6 per cent rise in quarterly net revenue, driven by higher demand from customers in North America. 
 
The net income attributable to Accenture rose to $897.2 million, or $1.41 per share, in the third quarter ended May 31, 
 
It rose&nbsp;from $793.7 million, or $1.24 per share, year on year. 
 
Net revenue, or revenue before reimbursements, rose to $8.43 billion from $7.77 billion. 
 
(Reuters)

Net revenue rose to $8.43 billion from $7.77 billion in the previous quarter

Consulting and outsourcing company Accenture reported an 8.6 per cent rise in quarterly net revenue, driven by higher demand from customers in North America. The net income attributable to Accenture rose to $897.2 million, or $1.41 per share, in the third quarter ended May 31, It rose from $793.7 million, or $1.24 per share, year on year. Net revenue, or revenue before reimbursements, rose to $8.43 billion from $7.77 billion. (Reuters)

Accenture net revenue rises by 8.6%

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