Accenture Cuts 11,000 Jobs, Boosts AI Workforce Amid $69.7B Revenue Growth

Accenture has cut over 11,000 jobs recently as part of a rapid workforce restructuring focused on AI, reducing headcount from 791,000 to 779,000 between May and August 2025, with further layoffs expected for employees who cannot be retrained in AI skills. CEO Julie Sweet emphasized that the company is not shrinking but reshaping by investing heavily in AI talent, now employing 77,000 AI and data specialists and training more than half a million employees in generative AI basics. Despite these cuts, Accenture reported strong financial results with Q4 2025 revenues of $17.6 billion, a 7% increase year-over-year, driven by growth in AI-related projects which generated $5.9 billion in bookings for the full year. The restructuring aims to save up to $865 million in severance costs, which will be reinvested into the business and workforce development. While the company faces challenges such as slower demand for traditional consulting and reduced U.S. federal government spending, it remains optimistic about growth opportunities in AI-driven consulting services. This shift reflects a broader industry trend of prioritizing AI capabilities and transforming traditional consulting roles to meet evolving client demands.