Major business process outsourcing (BPO) firm Accenture is cutting 900 jobs in the UK, due to the adverse economic effect of the COVID-19 pandemic. The company has about 11,000 staff in the UK.
According to a report in The Guardian, an internal message to staff blamed the current economic crisis. The message said, “We went into the crisis with an overcapacity of people relative to demand. The crisis has caused additional strain on the business due to lower demand and reduced national attrition. In addition, we have identified structural costs that we need to address.”
While global businesses are experiencing collapse amid lockdowns, Accenture said it is still confident in its UK business for the long-term. The firm added, “We are taking steps now to be able to continue investing in our workforce and our business, ensuring we have the right people with the right skills to best serve our clients, and are well positioned for the future.”