Accenture Cuts Thousands of Jobs in Global AI Restructuring

Accenture cuts thousands of jobs in global AI restructuring

Consulting giant confirms job cuts during its recent earnings call in drive towards AI

AI replaces 12,000 jobs at Accenture

Fears voiced by experts about artificial intelligence (AI) are turning into reality as AI has cost a company 12,000 employees their jobs. Since its emergence and gradual integration into human industries, experts had warned about AI’s potential impact on employment and now those concerns are materializing. An information technology company benefiting from AI has already laid off 12,000 workers with more layoffs underway. According to foreign med…

Accenture restructuring its AI, lays off 11,000 employees - The Canadian Media

#Accenture# Accenture Lays Off # Accenture Job Loss IBNS-CMEDIA: IT giant Accenture has announced it has removed 11,000 employees in the last three months, and more layoffs could be expected in the upcoming months as part of its AI restructuring. Between May and August this year, the company’s headcount fell from around 791,000 to 779,000, reported Tech.co.

Accenture Layoffs: The Company Cuts 11,000 Jobs in Bold AI Push

Accenture announced a sweeping restructuring plan that will cost an estimated $865 million, and it has already resulted in more than 11,000 layoffs over the past three months.The company is targeting roles where reskilling into AI-relevant work is deemed infeasible, while still hiring in areas aligned with its strategic priorities.Julie Sweet, Accenture’s CEO, described the decision bluntly:“We are exiting on a compressed timeline, people where …