BCG Defies Consulting Downturn With 2,000 Net Hires This Year [BNN Bloomberg (Canada)]
Accenture plc Class A Ordinary Shares (Ireland) (ACN)
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am
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Source: BNN Bloomberg
The hiring will bring BCG's total headcount to about 34,000, Chief Executive Officer Christoph Schweizer said in an interview. “I do think it's quite unique in the broader space,” Schweizer said, citing the drop in demand for consulting services. “It's a bit of a bet.” BCG's revenue grew 5% in 2023, the lowest level in three years, as the consulting sector faces weaker demand and uncertain economic conditions. The company also added 2,000 staff in 2023, but that's five times fewer than in 2022 when advisory work boomed in the aftermath of the pandemic. Still, the continuing hiring suggests appetite remains for BCG's services as clients emerge from cost-cutting efforts to look for new sources of growth. It also sets apart the company from rivals like McKinsey & Co. which started cutting hundreds of jobs earlier this month. Firms including Ernst & Young and PricewaterhouseCoopers have started trimming staff numbers as a growing number of clients started postponing longer-term i
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ACN
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- 3/21/24 - Beat
ACN
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- 4/26/24 - Form 4
- 4/25/24 - Form 144
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