Layoff at Acccenture

11:36 PM // 0 comments // ngsk // Category: Business , Industry , IT , News //

The IT Market is picking up and some companies have shown profits in their last quarter which was sounding good till now, the word "Reccession" is slowly moving of the minds and now the layoff bells rings again.

This time it is by accenture which targets Senior executives not the freshers or medium level engineers. Well Accenture has got around 4,800 senior executives , it says 336 employees may be affected.

The company expects the space reductions to be completed by the end of the current fiscal year, and the workforce actions to be substantially completed during the first quarter of fiscal year 2010.

Accenture says these actions will result in a pre-tax restructuring charge of approximately $247 million in the fourth quarter of fiscal 2009, ending 31 August 2009. Accenture expects net revenues for the 4th quarter of fiscal year 2009 to be in the range of $5.0 billion to $5.2 billion.

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