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Accenture CEO says DOGE's cost-cutting drive is hitting business, as worry spreads among staff

Accenture is one of 10 major consulting firms whose government contracts are being reviewed as Elon Musk and DOGE look to cut federal spending.
The article from MSN discusses the impact of cost-cutting measures at Accenture, as highlighted by CEO Julie Sweet. Accenture, a major IT services and consulting firm, has been reducing its workforce, with plans to cut 19,000 jobs over the next 18 months, which has led to significant concern among employees. This downsizing is part of a broader strategy to manage costs amidst economic uncertainty, with the company also experiencing a slowdown in its business growth. The layoffs are affecting various sectors within the company, including consulting and corporate functions, and are causing worry about job security and the firm's future direction. The CEO's comments reflect a cautious outlook on the economic environment, suggesting that these measures are necessary to navigate through potential downturns.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/companies/accenture-ceo-says-doges-cost-cutting-drive-is-hitting-business-as-worry-spreads-among-staff/ar-AA1BoITa ]