Accenture, a global consulting company, has laid off over 11,000 employees in the past three months. The company stated that the layoffs are due to the rapid adoption of AI and slowing corporate demand. These job cuts are part of an $865 million restructuring plan, and Accenture has warned that more employees could lose their jobs in the coming months.

“We are exiting, on a compressed timeline, people where re-skilling based on our experience, and is not a viable path for the skills we need,” CEO Julie Sweet said on September 25. However, No specifics on headcount cuts were disclosed. She further added that the company will quickly align its workforce with client demand for AI-driven solutions. The exits come even as the firm continues to invest in generative AI and cloud services, areas

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