Accenture to cut jobs of low-performing employees
Global IT services company Accenture is likely to cut at least five per cent of its low-performing workforce, as discussed in an internal staff meeting by Accenture CEO Julie Sweet.
“In a normal year, we transition out about 5 percent and we hire to replace them, because we are in a demand scenario. Right now, we’re not in a demand scenario, so if we manage out the same percentage of people and don’t replace them, it allows us to continue to invest and preserve some people who have lower chargeability for when the market comes back,” said Sweet.
Accenture has 509,000 people serving clients in more than 120 countries.
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