Accenture to Fire 5% Employees Globally; 10,000 Indians at Risk of Losing Jobs
Accenture to Fire 5% Employees Globally; 10,000 Indians at Risk of Losing Jobs:
Global consulting giants, Accenture to fire around 25,000 employees globally, which makes 5% of its global workforce due to Corona Virus pandemic crisis. As per the reports, around 10,000 staffs in India are said to be affected by the maneuver.
Accenture has a workforce of 5.13 lakh people globally, out of which 2 lakh employees are from India. As per the reports of Australian Financial Review (AFR), Accenture CEO Julie Sweet revealed that, 5% of their global workforce can be asked to leave the company due to the ongoing crisis.
“In a normal year, we transition out about 5% and we hire to replace them, because we are in a demand scenario. Right now, we’re not in a demand scenario, so if we manage out the same percentage of people and don’t replace them, it allows us to continue to invest and preserve some people who have lower chargeability for when the market comes back,” the Accenture CEO said.
According to the latest reports, the employees with catastrophic performance score will be the ones who will be asked to leave first.
“Every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long-term fit for Accenture. This year, across all parts of our business and all career levels, we will identify approximately 5% of our people as our lowest performers, and these individuals will transition out of Accenture. This is consistent with our actions each year,” she added.
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Earlier in July, the company fired 900 employees or 8% of its UK workforce.
The National Information Technology Employees Senate (NITES), General Secretary, Harpreet Saluja said that they have received grievance from many employees who are asked to lay off from the company.
“ The employees of Accenture who approached us said that they were asked to resign and upon their refusal to do the same they will not be able to avail the notice period pay as well as gratuity. This is against the labour laws and we are approaching the labour commissioner office,” he said.
As per the top sources of industry, the company is all set to trim off the employees by the end of September.
“We continue managing our business for the long term and critical to this is ensuring we have the right people with the right skills to best serve our clients. In India, we continue to hire, and as part of our ongoing compensation programs, we also recently recognized a number of our people with bonuses and promotions,” Accenture told the source thriugh an email feedback.
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