Consulting agency Accenture is slicing as much as 900 jobs, or 8% of its UK workforce, because the coronavirus pandemic prompted a pointy droop in demand for its advisory work.
Between 700 and 900 jobs might be affected by the deliberate cuts, an Accenture spokesman mentioned Thursday in an e-mail. The corporate has notified employees and plans “collective session” for a program of redundancy.
Accenture already had “an overcapacity of individuals relative to demand” when the financial disaster hit in March, The Guardian reported Thursday, citing an inner memo to employees. The memo mentioned the disaster slowed worker attrition, put extra pressure on the enterprise and likewise revealed structural prices that Accenture wants to deal with, in accordance with The Guardian.
Corporations throughout the UK are shedding employees within the face of slumping income. Financial institution of England Chief Economist Andy Haldane mentioned this week that the outlook for jobs is the most important threat to the UK economic system, notably as worker furlough packages finish in August.