Accenture to axe 19,000 jobs

Accenture has announced that it will axe 19,000 jobs in the next 18 months, the largest in a series of cuts in the consulting sector as companies battle against rising costs and an uncertain economic outlook.

The New York-listed group said it expected to incur total staff severance costs of $1.2bn and a further $300mn from “consolidation of office space”. 

More than half of the job cuts would affect staff who work in corporate functions but do not work directly for clients, it said.

Accenture employs 738,000 people globally, selling consultancy and outsourcing services to large companies.

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