Accenture’s layoff tally surpasses 11,000; CEO Julie Sweet cites AI, restructuring efforts

Global consulting firm Accenture has laid off more than 11,000 employees across the world in the past three months.

According to a TOI report published Saturday, rapid artificial intelligence (AI) adoption, coupled with slowing corporate demand, is the reason for the layoffs.

Accenture CEO Julie Sweet told analysts that the company is looking at exits as a viable option compared to reskilling its employees.