Hearing worrying *layoff rumours from ex-colleagues at ACN. Can someone confirm?

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There were ~1200 layoffs a few weeks back and rumors of more happening after performance calls in July.

The 1200 layoffs are actually less than we normally have this time of the year.

Honestly I’m amazed that people are saying Accenture has taken the biggest hit - our revenue is down 1% vs Deloitte’s being down 17%

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Deloitte US as a whole is down 17%? That's insane! In my country Financial Advisory and Tax were down by around that much but the other 3 service lines were strong and even had some growth.

I read about layoffs in the bowl - what kind of rumors

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Can’t we just assume layoffs are going to happen across the board? I think all have confirmed or hinted it will happen, just a matter of timing differences between the firms.

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I understand . We are definitely less protected in the US, but I’ll point that out economic state is worse than the last recession back in 07’/08’, although there are differences people should expect a real impact with a longer recovery period. I’ve gone through the last recession- we will rebound, but people should 100% prepare themselves if they haven’t yet.

Confirm what?

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Yeah it’s not a rumor, layoffs are happening. Not sure about specifics for which groups and geographies though!

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