Ireland-based multinational professional services company, Accenture will reportedly cut upto 900 jobs in the United Kingdom.
According to a Guardian report, the consultancy firm is set to lay off about 900 employees in the UK to reduce costs as the coronavirus pandemic lowers demand for its services. The company employs 11,000 people in offices across the UK including in Aberdeen, London and Cambridge.
As per the report, the said job cuts will be at all levels, including managing directors and across all divisions of the business.
The company said that consultation on the reductions would start in mid-July and it expected between 700 and 900 people to leave the business by September.
In a note to staff, the company said, “We went into the crisis with an overcapacity of people relative to demand. The crisis has caused additional strain on the business due to lower demand and reduced national attrition. In addition, we have identified structural costs that we need to address.”
The company has notified staff and plans “collective consultation” for a program of redundancy.
The company said it had already cut costs by decreasing travel, reducing contractor numbers and pausing recruitment but “unfortunately these numbers have not been enough”.
Accenture warned last week it would have to curb new hires around the world and has been rumoured to be planning job cuts in the US.
Accenture said in a statement: “We remain confident in our business in the UK for the long term. We are taking steps now to be able to continue investing in our workforce and our business, ensuring we have the right people with the right skills to best serve our clients and are well positioned for the future. We have notified our UK people that it is necessary to go into collective employee consultation for a proposed redundancy programme.”
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