businessUpdated: Aug 26, 2020 18:30 ISTTech giant Accenture is expected to lay off at least 5% of its global workforce due to the Covid-19 crisis, the firm told The Australian Financial Review (AFR). According to the AFR report on Tuesday, in an internal global staff meeting CEO Julie Sweet said despite cutting subcontractors and halting fresh recruitment, the company still needed to reduce numbers as the pandemic had taken hold. “In a normal year, we transition out about 5 per cent and we hire to replace them, because we are in a demand scenario,” Ms Sweet was quoted as saying in the meeting. India has the largest Accenture employee base of over two lakh employees and following the decision to fire 5% staff, at least 10,000 people stand the risk of losing their jobs. As many as 25,000 people are likely to be fired across the world as the US-listed firm has a staff count of over five lakh.

Source: Hindustan Times August 26, 2020 12:59 UTC