Accenture is cutting staff and exiting parts of its business as it braces for slower growth in fiscal 2026, signaling deepening strain across the global IT sector despite continued investment in AI and cloud.

CEO Julie Sweet said the firm is “exiting, on a compressed timeline, people where re-skilling is not a viable path for the skills we need,” during its September 25 earnings call. While she did not specify the number of layoffs, the company’s workforce shrank by about 7,000 in Q4FY25, bringing headcount down to approximately 770,000. Advertisement

The retrenchments come amid moderating growth and reduced client demand, even as Accenture continues to prioritize generative AI and cloud services. “We continue to see pockets of strong AI-driven demand, [but] overall growth in our key ma

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