Accenture has announced its plan to lay off 19,000 individuals globally, and out of its 7.38 lakh employees, 40% are based in India.

Accenture to lay off 19,000 people, 40% of its 7.38 lakh employees are in India

Accenture, a global professional services company, recently announced its plans to lay off 19,000 employees worldwide, accounting for approximately 5% of its total workforce. This comes as a part of the company's restructuring plans aimed at shifting its focus towards more profitable areas such as cloud, digital transformation, and cybersecurity.

Of these layoffs, approximately 40% of the affected employees are based in India, where the company has a significant presence. The move has caused significant concern and uncertainty among employees and the Indian IT industry as a whole.

However, the layoffs have raised questions about the impact of outsourcing and the role of multinational companies in the Indian economy. India has been a hub for IT outsourcing, with many multinational companies setting up operations in the country to take advantage of the low labor costs and the availability of skilled workers.

The IT industry in India has been a significant contributor to the country's economy, accounting for approximately 8% of its GDP and employing over four million people. The industry has also been a source of pride for the country, with India being recognized as a global leader in software development and IT services.

The layoffs by Accenture have sparked a debate about the future of the IT industry in India and the role of multinational companies in the country. Many have criticized the move, arguing that it is a short-sighted decision that ignores the long-term benefits of investing in India's skilled workforce.

Others have pointed out that the layoffs are part of a larger trend towards automation and digital transformation, which is likely to have a significant impact on the IT industry in India and around the world. As companies increasingly shift towards automated systems, the demand for low-skilled IT workers is likely to decrease, putting pressure on countries such as India to develop new skills and technologies to remain competitive.

In conclusion, the layoffs by Accenture have raised important questions about the role of multinational companies in the Indian economy and the future of the IT industry in the country. While the move is undoubtedly a setback for affected employees, it also highlights the need for India to invest in new technologies and skills to remain competitive in a rapidly changing global economy.

Comments

AI-Powered Programmatic Advertising: The Next Frontier

Everything About AI-Powered Programmatic Advertising: The Next Frontier Programmatic advertising is a rapidly growing field, and artificial intelligence (AI) is playing a increasingly important role in it. AI can be used to improve every aspect of programmatic advertising, from targeting and bidding to creative optimization and measurement. How AI is used in programmatic advertising There are many ways that AI is used in programmatic advertising. Here are a few of the most common: Targeting: AI can be used to target ads to specific audiences based on their demographics, interests, and even past behavior. This can help to ensure that ads are seen by people who are most likely to be interested in them, which can lead to better results. Bidding: AI can also be used to automate the bidding process for programmatic ads. This can help advertisers to get the best possible prices for their ad space, while also ensuring that their ads are seen by the right people. Creative optimizatio...

Propel Ads: Why digital marketing is so important for all business?

Propel Ads: why digital marketing is important? Digital marketing is the use of digital channels to reach and engage with customers. It includes a wide range of activities, such as search engine optimization (SEO), pay-per-click (PPC) advertising, social media marketing, email marketing, and content marketing. Digital marketing is becoming increasingly important for businesses of all sizes. In fact, a recent study by eMarketer found that digital ad spending is expected to reach \$339 billion in 2023. There are many reasons why digital marketing is so important. First , it allows businesses to reach a wider audience. In the past, businesses were limited to reaching customers who saw their ads in print or on TV. But with digital marketing, businesses can reach customers who are online, regardless of where they are in the world. Second , digital marketing is more measurable than traditional marketing methods. Businesses can track how many people see their ads, how many pe...

Propel Ads: The Importance of Market Research for Programmatic Advertising

The Importance of Market Research for Programmatic Advertising Market research is the process of gathering, analyzing, and interpreting information about a target market. It can be used to understand the needs and wants of potential customers, as well as the competitive landscape. Market research is essential for programmatic advertising, as it can help you to: Identify your target audience: Who are your ideal customers? What are their needs and wants? Where do they spend their time online? Market research can help you to answer these questions and identify the right people to target with your advertising. Set realistic goals: What do you want to achieve with your programmatic advertising campaign? Do you want to increase brand awareness, generate leads, or drive sales? Market research can help you to set realistic goals that are aligned with your business objectives. Choose the right channels: Where should you be advertising? Should you focus on search, social, or displ...

Propel Ads

Search This Blog