Accenture to fire 5% of its workforce; 10K employees in India to lose jobs

News Network
August 26, 2020

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New Delhi, Aug 26: IT major Accenture is all set to fire 5% of its workforce globally, which means that around 10,000 employees in India will lose their jobs due to the economic crisis caused by the coronavirus pandemic. Accenture is likely to ask several thousands of employees to go after the conclusion of the appraisal cycle that is underway.

The Australian Financial Review (AFR) reports that Accenture CEO Julie Sweet, in an internal staff meeting streamed online in mid-August revealed that 5% of their global workforce can be asked to leave the company.

“In a normal year, we transition out about 5% and we hire to replace them because we are in a demand scenario. Right now, we're not in a demand scenario, so if we manage out the same percentage of people and don't replace them, it allows us to continue to invest and preserve some people who have lower chargeability for when the market comes back." AFR said Accenture is looking to cut at least 5% of its global workforce.

To be noted, Accenture has 5 lakh employees globally and if 5% of the employees are fired, around 25,000 employees will be asked to leave. Out of 5 lakh, 2 lakh Accenture employees are in India. Hence, once 5% is applied to India, then 10,000 employees will face termination in India.

In July, Bloomberg reported that Accenture was cutting up to 900 jobs or 8% of its UK workforce. AFR said, “with about 5,000 staff employed by Accenture locally (Australia), the redundancy numbers would be about 250, but it is understood to currently sit around 180.”

Speaking on the possible layoffs in India and which employees will be targeted, a spokesperson in an emailed statement told TOI:  “Every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long-term fit for Accenture. This year, across all parts of our business and all career levels, we will identify approximately 5% of our people as our lowest performers, and these individuals will transition out of Accenture. This is consistent with our actions each year.”

Accenture asks, on an average, 5% of its employees every year to leave, based on performances. However, unlike every year, they won’t hire more employees, since demand is low.

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News Network
March 1,2025

The Trump administration has given the go-ahead for a nearly $3 billion arms sale to Israel, sidestepping the standard congressional review process to expedite the delivery of 2,000-pound bombs widely used by the Israeli military in its ongoing onslaught in the Gaza Strip.

In a series of notifications sent to Congress on Friday, the State Department has reported it has approved the sale of more than 35,500 MK 84 and BLU-117 bombs and 4,000 Predator warheads worth $2.04 billion to Israel.

Secretary of State Marco Rubio “has determined and provided detailed justification that an emergency exists that requires the immediate sale to the Government of Israel of the above defense articles and defense services in the national security interests of the United States, thereby waiving the Congressional review requirements,” the department said.

Deliveries are set to begin next year, it said.

According to the same statement, Rubio has also approved another munitions sale to Israel worth $675.7 million to be delivered starting in 2028.

The Israeli regime has extensively used the MK 84, also known as the 2,000-pound bomb, in its genocidal wars against the people of Lebanon and Palestine, including the assassination of top Hamas and Hezbollah leaders.

Last May, the previous US administration attempted to curb Israel’s military aggression in Rafah, a city in southern Gaza, by imposing a temporary ban on the sale of 2,000-pound bombs.

This effort, however, proved futile in halting the invasion, as the US continued to supply other weapons to the Israeli regime.

On February 25, Trump’s National Security Adviser, Michael Waltz, rescinded the ban to allow the State Department to resume the sale of the bombs to the regime.

The State Department has also approved the sale of Caterpillar D9 Bulldozers and related equipment for an estimated cost of $295 million to Israel.

The Israeli regime has used D9 bulldozers to demolish thousands of Palestinian homes in the occupied West Bank and Gaza.

The Office of the UN High Commissioner on Human Rights has advised Caterpillar Inc. that by supplying the bulldozers to the regime, it is complicit in human rights violations.

D9 has been involved in several incidents of civilian deaths, including in 2023 when it was used against the refugees sheltering outside the Kamal Adwan Hospital.

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coastaldigest.com news network
February 24,2025

Mangaluru: The Social Democratic Party of India (SDPI) has urged the Karnataka government to allocate Rs 3,000 crore in the 2025 state budget for the development of the tourism sector in Dakshina Kannada. This demand was made as part of the party’s ‘Janata Budget – 2025’ initiative.

Anwar Sadath S, president of SDPI’s Mangaluru Rural district unit, emphasized the district’s vast tourism potential, given its location between the Western Ghats and the Arabian Sea. He suggested projects such as beach development, walking tracks, play zones, amusement parks, and other recreational activities to boost tourism in the region.

In addition to tourism development, SDPI has called for several key initiatives in the state budget:

•    Establishment of a government medical college and a super-specialty hospital in Dakshina Kannada.

•    Setting up a High Court bench and a government law college in the district.

•    Development of an IT Park to boost employment opportunities.

•    Minimum support price for arecanut and a dedicated research centre for arecanut diseases.

•    Expansion of healthcare facilities, including a branch of the Jayadeva Institute of Cardiovascular Sciences and Research in Mangaluru.

•    Construction of residential accommodation for Muslim religious leaders serving in mosques and madrasas.

•    A special financial package for paddy farmers, offering Rs 2 lakh per acre as financial assistance.

Sadath criticized previous administrations for neglecting Dakshina Kannada, despite the district being one of the top tax contributors in Karnataka. He highlighted the dominance of private entities in education, healthcare, and business, stressing the need for greater government support in public amenities and welfare schemes.

SDPI urged Chief Minister Siddaramaiah to ensure adequate budgetary allocations for new projects, job creation, education, healthcare, and social welfare programs. The party insisted that the upcoming budget, to be presented on March 7, should prioritize balanced regional development across all districts.

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Agencies
February 20,2025

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New Delhi: Delhi Chief Minister-designate Rekha Gupta on Thursday assured that the BJP government would fulfill its poll promise of providing Rs 2,500 monthly financial assistance to women. The first installment of the monthly support will be credited to their accounts by March 8, Gupta said.

Ahead of the polls, the BJP's manifesto aimed to outdo the Aam Aadmi Party's (AAP) announcement of Rs 2,100 monthly support if it came to power. Gupta, who was elected as the leader of the BJP legislature party on Wednesday, emphasized that delivering on their promises is her top priority.

"Fulfilling the dream of Prime Minister Narendra Modi is the responsibility of all 48 BJP MLAs in the capital. We will definitely fulfill all our promises, including financial support for women. Women will 100% get monetary support in their accounts by March 8," she said. March 8 is observed as International Women's Day.

The BJP secured a landslide victory in the Delhi Assembly elections, winning 48 out of 70 seats and ending the AAP's decade-long rule. Gupta, a former Delhi University Students' Union (DUSU) president and municipal councilor, will be sworn in as the fourth woman CM of Delhi at a grand ceremony at Ramlila Maidan later in the afternoon, in the presence of Prime Minister Modi and other dignitaries.

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