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WARNS STAFF TO FACE LAYOFF OR RETRAIN FOR AI Accenture axes over 11k jobs in 3 months

Financial Express Mumbai

|

September 27, 2025

ACCENTURE HAS REDUCED its global workforce by more than 11,000 in the past three months and signalled that further job cuts could follow if employees cannot be retrained forthe age of AI.

- SHUBHAM CHHABRA

The IT consulting giant on Thursday detailed an $865 million restructuring programme alongside an outlook reflecting weak corporate demand for consulting projects and reduced US federal spending.

Compressed timelines for reskilling

“We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need,” CEO Julie Sweet told analysts on a conference call. The firm employed 779,000 people at the end of August, down from 791,000 three months earlier.

MEER VERHALEN VAN Financial Express Mumbai

Financial Express Mumbai

SC reverses verdict on BPSL

THE SUPREME COURT on Friday overturned its earlier decision ordering liquidation of Bhushan Power and Steel (BPSL), restoring approval to JSW Steel's 19,700-crore resolution plan.

time to read

3 mins

September 27, 2025

Financial Express Mumbai

Benchmarks fall 6% from record highs a year ago

AFTERHITTINGA lifetime high of 85,836 points on September 26, 2024, the Sensex has corrected sharply overthe pastyear.

time to read

2 mins

September 27, 2025

Financial Express Mumbai

HUL sees hit to Q2 sales from GST 2.0 disruptions

HINDUSTAN UNILEVER (HUL) on Friday said it saw a shortterm impact on sales inthe September quarter (Q2FY26) dueto the GST 2.0 reforms that kicked in this week.

time to read

1 mins

September 27, 2025

Financial Express Mumbai

Big Tech faces questions over H-1B hiring amid job cuts

US LAWMAKERS ASKED major American companies, including Apple, Amazon and JPMorgan on Thursday to explain why they are hiring thousands of foreign workers on H-1B visas while cutting other jobs.

time to read

1 min

September 27, 2025

Financial Express Mumbai

Pharma stocks swallow Trump’s bitter tariff pill

100% duty on branded drugs; Indian generics face threat

time to read

3 mins

September 27, 2025

Financial Express Mumbai

I-T survey at premises of Raymond Lifestyle

THE INCOME TAX department conducted a survey at some premises of textile and apparel major Raymond Lifestyle, according to an exchange filing on Friday.

time to read

1 min

September 27, 2025

Financial Express Mumbai

India & US to push for early trade deal: Govt

THE GOVERNMENT ON Friday said efforts were on to \"achieve early conclusion\" of an India-US trade pact, much awaited by the industry and exporters.

time to read

2 mins

September 27, 2025

Financial Express Mumbai

FY26 BORROWINGS LESS THAN BE BY ₹10,000 CR H2 mkt borrowings at ₹6.77 Lcr

. Long-tenure bonds see their share pruned

time to read

2 mins

September 27, 2025

Financial Express Mumbai

US mulls 1:1 chip production rule

THE US IS planning to push chipmakers to match the volume of semiconductors that their customers currently import from overseas providers through domestic production, or pay a tariff, the Wall Street Journal reported on Friday.

time to read

1 min

September 27, 2025

Financial Express Mumbai

Exporters reel as US tariffs leave India’s diamond trade dull

ALMOST A MONTH into US President Donald Trump's 50% reciprocal tariff imposition on India, the country's diamond industry struggles to stay afloat, as independent studies also predict a sluggish outlook for the sector.

time to read

2 mins

September 27, 2025

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