🔔 Accenture cuts 11,000 jobs as AI takes over consulting

Accenture says it can’t retrain everyone fast enough for the new AI-driven skills consulting now demands.

CEO Julie Sweet said employees whose jobs can’t be matched with new AI skills will be let go quickly.

"This change is so big, this is reversing five decades of how we're working."

The cuts are part of an $865 million restructuring program, expected to generate $1 billion in savings—money that will be reinvested in AI and workforce development.

Accenture’s stock fell 2.7% on the layoff news, then rebounded 2.8% the next day—now nearly back to pre-announcement.