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Accenture to lay off 7% executives

Global management consulting and outsourcing company Accenture will reduce its senior executive workforce by seven per cent, besides pruning its real estate capacity as part of restructuring efforts.

business Updated: Aug 21, 2009 22:04 IST

Global management consulting and outsourcing company Accenture will reduce its senior executive workforce by seven per cent, besides pruning its real estate capacity as part of restructuring efforts.

The restructuring is expected to cost the company $247 million in the fourth quarter of fiscal 2009 ending August 31.

“As part of our drive to deliver high performance... We are acting boldly to position Accenture better for both short-term and long-term economic improvement growth and profitability,” Accenture chairman and CEO William Green said in a statement on Friday.