Accenture is set to lay-off 5% of its global employees due to the ongoing COVID-19 crisis.
CEO Julie Sweet has said that despite halting fresh recruitments and cutting subcontractors, the company has had to reduce its workforce owing to the numbers that the pandemic has taken hold.
India has the largest Accenture employee base of over two lakh employees and following the decision to fire 5% staff, at least 10,000 people stand at the risk of losing their jobs. As many as 25,000 people are likely to be shown the pink slip across the world as the US-listed firm has unilaterally decided. Sweet has said that the amount of hours put in by its employees has dropped below 90% for the first time in the last decade. Their performance metrics have been used to target staffs to “transition out” of the company.