Accenture Plc announced on Thursday that it would eliminate 2.5% of its staff, or 19,000 positions, as the global economic outlook worsened.
The business claimed more than half of the layoffs would affect personnel at its non-billable corporate services, sending its shares up more than 4% before the bell.
Accenture predicts annual revenue growth of 8%–10%, down from 8%–11%.
When its first-quarter revenue prediction fell short, rival Cognizant Technology Solutions (CTSH.O) predicted “muted” bookings growth in 2022.
Accenture predicts profits per share of $10.84 to $11.06 instead of $11.20 to $11.52.
Accenture plc is a Dublin-based Irish-American professional services firm specializing in information technology services and consulting. It is a Fortune Global 500 corporation with revenues of $61.6 billion in 2022.
