“I am non-billable, am scared as…”
“I have completed stream training and awaiting project allocation, should I be worried??”
India’s IT professionals are writing about their worries on a community app after IT services firm Accenture said on Thursday it will lay off 19,000 employees globally.
Accenture said that as part of its second quarter of fiscal 2023 results, cost optimisation efforts will “impact” 2.5 per cent, or 19,000 of its 738,000 employees. Of the 19,000, over half are from non-billable functions. The company has more than 300,000 employees in India, one of its largest offshore centres. Industry sources said Accenture’s announcement could impact around 2,000-2,500 people in India.
“Panic and anxiety at peak,” wrote an Accenture employee on Grapevine, a community app used by IT professionals in India.
This story is from the March 25, 2023 edition of Business Standard.
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This story is from the March 25, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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