Consulting agency Accenture is slicing up to 900 jobs, or 8% of its UK workforce, as the coronavirus pandemic prompted a pointy hunch in demand for its advisory work.
Between 700 and 900 jobs will probably be affected by the deliberate cuts, an Accenture spokesman stated Thursday in an electronic mail. The corporate has notified employees and plans “collective consultation” for a program of redundancy.
Accenture already had “an overcapacity of people relative to demand” when the financial disaster hit in March, The Guardian reported Thursday, citing an inside memo to employees. The memo stated the disaster slowed worker attrition, put further pressure on the enterprise and in addition revealed structural prices that Accenture wants to deal with, in accordance to The Guardian.
Corporations throughout the UK are shedding employees in the face of slumping income. Financial institution of England Chief Economist Andy Haldane stated this week that the outlook for jobs is the largest threat to the UK financial system, significantly as worker furlough packages finish in August.