Accenture will add approximately 50,000 employees globally in June. The decision was delayed for six months due to a slowdown in the consultancy firms. The company mainly aims to uplift employee morale, which will result in 6% of its workforce. It acknowledges economic uncertainty and operating margins by increasing pay to employees in key growth areas.
According to Bloomberg’s report, Accenture will promote 15,000 employees in India, 11,000 in Europe, the Middle East, and Africa, and 10,000 in the Americas. The company’s operating margin declined compared to the same quarter last year, and it is continuously facing uncertainty in the global economy and politics.
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Some employees with key growth will get a salary increment, while decisions related to bonuses and performance-based equity will be made in December. During the Pandemic, many consultancy firms expanded hiring, including Accenture but due to reduced client spending and increased uncertainty in the global market, the firm has to cut down 19,000 jobs in 2023.
