Now, this company's workers have been hit by AI, with over 11,000 employees fired in three months.:

News Topical, Digital Desk : Accenture Layoffs: The impact of artificial intelligence (AI) is beginning to be felt at global consulting firm Accenture. The company has laid off more than 11,000 employees worldwide. This move comes at a time when companies rapidly adopting artificial intelligence are changing their work practices and reducing their workforces.

More people will be thrown out of work

A Times of India report on Saturday said that the technology and consulting industry is witnessing massive layoffs as companies are changing their workforce structure and business priorities due to the rapid adoption of AI.

The company has laid off such a large number of employees in the past three months. The company has also stated that if workers are unable to reskill themselves to adapt to artificial intelligence (AI), more layoffs are possible.

The need to adapt to changes in technology

CEO Julie Sweet clarified that the company felt it was more appropriate to lay off employees rather than reskill them. She said, "There comes a time with technological change where you need to provide training and adopt new systems."

At the end of August, the company had 779,000 employees, down from 791,000 three months earlier. The company reported spending $615 million on severance pay and other expenses in the previous quarter, and expects to incur another $250 million in the current quarter. On Thursday, the company detailed an $865 million restructuring program.

The times are changing

However, while it's true that thousands of employees are leaving their jobs, the company is also emphasizing upskilling. Accenture is training more than 700,000 employees worldwide in agentic AI. This investment in employee training reflects the company's belief that the future belongs to scalable intelligence systems that automatically make decisions and act accordingly.