Accenture laying off some 336 execs, reducing office space, sees $247 million 4th-qtr charge
By APThursday, August 20, 2009
Accenture laying off some 336 executives
NEW YORK — Business consultant and outsourcing company Accenture says it will cut some 336 senior-level executive positions as part of a broad-based restructuring effort.
The layoffs total about 7 percent of Accenture Ltd.’s 4,800 senior executives.
The Bermuda-based company says it also aims to reduce “excess real estate capacity.”
Accenture expects to book a $247 million pretax charge against fourth-quarter earnings on the moves, including about $119 million related to the real estate cuts.
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