ReutersAccenture told some staff earlier this month that they were being fired, according to people with knowledge of the layoffs.
Consulting firms, like other companies, periodically take stock of employees and cull the under-performers to control costs and make more room for other employees to advance. The company's results and outlook could be an early indicator for how other major publicly-traded companies, which report earnings later this summer, are weathering the pandemic.
Accenture also cut its forecast for full-year revenue growth to 3.5% to 4.5% from 3% to 6% previously. When an analyst asked about the company's recent layoffs, Sweet said, "we really see it as focusing on our cost structuring."
How about they cut some of the “Top Execs” first
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