Accenture Layoffs Job Cut: fires 500 employees in Philippines: Finance Trading Times

Accenture Layoffs Job Cut: fires 500 employees in Philippines

The news is not good for the employees of Accenture. The company is going for layoffs in Philippines. The company is having the famous tagline representing its business - Technology, Consulting, Outsourcing, with high Performance, Delivered. Tiger Woods is the Brand Ambassador for the corporation. The recession is taking a toll on all sectors and even the IT and consultancy companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Accenture. What is more surprising and worrying is that Philippines is considered a low cost country and still there is a job cut in such a country.Accenture Layoffs

How many employees may be fired in the Accenture layoffs?
There could be around 500 layoffs by the Accenture in Philippines.

What is the total no. of employees of Accenture?
Total No. of employees of Accenture in Philippines is around 1000 as of now. That will mean arouond 50% of the jobs are cut by the company.

Which locations will be affected by the Accenture layoffs?
The Philippine capital Manila will see the layoffs due to the effects of the global financial crisis.

When will the Accenture layoffs happen?
THough there are no confirm dates about when the layoffs will be made, the layoffs if they happen, are learnt to be done as soon as possible.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for Accenture layoffs?
Major reason is for cutting costs in the face of a slumping economy and decline in demand. Philippines is also left back by the other low cost countries

Any other news about Accenture layoffs
As per IndiaTimes, Accenture Philippines has filed a notice of retrenchment for about 500 workers at its facilities in Manila, said Labour Undersecretary Rosalinda Baldoz.
Let's hope that alternative jobs are available to the affected employees of Accenture Layoffs Job Cut
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