“We are investing in upskilling our reinventors,” the Accenture boss said, using the company’s new name for its employees. However, she said, Accenture is “exiting on a compressed timeline” those for whom retraining is not a viable route to the skills required by the consultancy.
According to the CEO, Accenture has already trained 550,000 employees in the basics of generative AI. The move is part of a comprehensive, six-month business optimization program worth $865 million, which also includes layoffs and severance packages.
According to CFO Angie Park, the company expects to save over one billion dollars and plans to reinvest the freed-up budget in the business and the remaining workforce. The company also intends to maintain profit margins.
This story originally appeared on Computerworld
