Accenture to fire 7pc of senior executives

Posted By: Staff
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Chicago, Aug 22: In its restructuring drive, Accenture is reportedly planning on slashing seven per cent of its senior staff along with taking steps to reduce its office space.

The restructuring efforts is expected to cost the company USD 247 million in the fourth quarter. Out of this, USD 119 million would go to trimming the real estate capacity and the rest to the layoffs, say media reports.

"As part of our drive to deliver high performance... we are acting boldly to position Accenture better for both short-term and long-term economic improvement growth and profitability," Accenture Chairman and CEO William Green said on Friday, Aug 21.

With this, the New York-based company expects to reduce its earnings per share for both the fourth quarter and the full year by 24 cents.

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