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0 -0.00396097704100339 0.000110027140027773 3.66757133425912E-05 -0.000476784273454102 0.00931563118902649 0.00370424704760504 -0.00315411134746576
Stock impact report

McKinsey layoffs show white-collar job cuts are spreading [Yahoo! Finance]

Accenture plc Class A Ordinary Shares (Ireland) (ACN) 
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am Check Earnings Report
US:NYSE Investor Relations: investor.accenture.com
Company Research Source: Yahoo! Finance
The company is planning deep cuts across its non-client-facing staff , Bloomberg reports, as much as 10% of headcount within some areas, a move that could eliminate several thousand jobs over the next 18 to 24 months. The job cuts come at a moment of simultaneous growth and contraction for the consulting industry. After a multi-year hiring spree that pushed McKinsey's workforce above 45,000, revenue growth has stalled. The firm now employs closer to 40,000 people , and utilization rates across the industry have reportedly sagged as corporate clients trim budgets, delay projects, and opt for automation and AI over consulting services. But AI has also opened up consulting opportunities as major firms advise the globe's biggest companies on how to integrate the new technology — making it difficult to get a precise read on the overall consulting industry's state. Accenture KPMG Pricewaterhouse Cooper , and Ernst & Young, among other tax and strategy consulting firms, have all annou Show less Read more
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