Consulting firm Accenture is ready to take an axe to 8% of its UK workforce which is 900 jobs, blaming “additional stain” on the business caused by the coronavirus pandemic. The US-owned consultancy firm’s spokesman said, between 700 and 900 jobs will be affected by the planned cuts. The company has notified staff and plans “collective consultation” for a program of redundancy.
In a note to staff, the company said: “We went into the crisis with an overcapacity of people relative to demand.”
“The crisis has caused additional strain on the business due to lower demand and reduced natural attrition.
“In addition, we have identified structural costs that we need to address.”
The company has offices in London, Manchester, Newcastle, and Edinburgh. Companies all over the UK are reducing their staff due to the collapsing revenue. This week, Andy Haldane, the Cheif Economist at Bank of England, said the outlook for jobs is the biggest risk to the UK economy, particularly as employee furlough programs end in August.
In a statement, Accenture said: “We remain confident in our business in the UK for the long term.
“We are taking steps now to be able to continue investing in our workforce and our business, ensuring we have the right people with the right skills to best serve our clients and are well-positioned for the future.”
“We have notified our UK people that it is necessary to go into collective employee consultation for a proposed redundancy programme.”