Accenture to cut 19,000 jobs in a huge escalation of downsizing by consulting firms amid the economic turmoil

Accenture to cut 19,000 jobs in a huge escalation of downsizing by consulting firms amid the economic turmoil

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Accenture Plc said it will cut 19,000 jobs — or about 2.5% of its workforce — over the next 18 months, one of the largest rounds of dismissals in a consultancy sector facing strong economic headwinds. The shares surged. The company said it expects to incur $1.2 billion in employee severance and…

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