Thread regarding Accenture layoffs

Federal sector taking on water

Losing mega contracts left and right. Top talent is fleeing to the exits and lower revenues will lead to layoffs.

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Post ID: @WCgZkSq

4 replies (most recent on top)

I am in Reston, we are fine

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Post ID: @WCgZkSq-3rqru

OP - not really

The fact is, the work needs to be done and govs around world will always need to have mega scale projects done. internally, it makes no sense to hire 100s of people so they have to contract. and if they contract they need to contract out to someone who may have 100s of people on the bench, so by default you are looking at a company that has to have 100k people ready to roll.

at this point you have indian pure play companies (bad), deloitte, ibm and accenture being able to do large scale projects. if you are fed up with the indian companies and if it's politically challenging (it often is) you default to the three: ibm, acn and deloitte. ibm is on its knees and they will spin off gbs very soon - given the purchase of red hat they are going the cloud route, they will become a competitor to aws, gcp and azure - my bet is that they are done and consulting will be spun off. deloitte is a weird duck, not sure - they will be around for sure, not sure about the org structure or the format though - we'll see... this leaves accenture in a fairly good position to continue doing what they doing best - making money by skimming on top of what they pay you - they charge 300/hr and they give you 100, the model works for sure...

rest assured, there will be both federal and other consulting work and acn will continue to ride this wave for many decades - things will morph, technologies will change but rest assured acn will be there to deliver solutions... and milk the client(s)...

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Post ID: @WCgZkSq-8xuk

@uxc - very true! It was only a matter of time.

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Post ID: @WCgZkSq-8kfl

Accenture has 450,000 employees and has grown at a very unwise and unsustainable rate. What goes up must come down.

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Post ID: @WCgZkSq-uxc

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