Accenture to Cut 19,000 Jobs After Lowering Guidance. The Stock Is Rising.


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Accenture on Thursday reported earnings and revenue that beat consensus expectations, but lowered its full-year guidance and said it plans to cut around 19,000 jobs.

The company, which offers IT consulting and other services, said in a regulatory filing that it would cut about 2.5% of its workforce. It said more than half the departures would come in nonbillable corporate roles, and it continues to hire to support its strategic growth.