One of the world’s largest consulting firms Accenture says that subcontractor replacement will be the focus of new hirings. Accenture is looking to control the hiring and stop some promotions due to the coronavirus impact
The CEO of Accenture Julie Sweet says during an earnings call that the new hiring will focus on subcontractor replacement. Also, for some of the new joining employees, the starting dates are pushed further.
The company also looks to retain existing employees in areas like technology and cloud services. Since the beginning of March, Accenture retains around 37,000 employees on this basis.
Ms. Sweet said that the company is looking to reduce costs. As the company moves forward they will take decisions like the annual performance process. To reduce costs Accenture says Subcontractor replacement will be the focus of new hirings at Accenture
Also, the company moves the employees from strategy and consulting divisions to improve their operations and help public sector clients.
The company also announces an increase in its full-year earnings forecast. The adjusted third-quarter profit per share is $1.90. This is higher than the predicted amount by 22 analysts belonging to Bloomberg. The shares are increased by 5.9% with overall value at $213.71. This is the biggest increase since April 6
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