Is now a good time to be investing in consulting firm stocks like Accenture? Was hoping that with all of the layoffs that the stock price would jump but was hoping to get advice from people in the business or even getting stock or equity. Any advice or thoughts would be greatly appreciated!

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lol broad market sentiment around consulting is that it is declining because of AI. I.e. why hire a consultant when I can get AI to develop me the same roadmap or create the strategy. Etc…

IMO it’s overblown but with AI only getting better will diminish the need on some types of consulting services.

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True!

I would short accenture against the market if I were allowed to trade equities

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Appreciate it

Half of Accenture’s workforce will be wiped out by 2030. The offshore delivery centers will mostly become obsolete. Other IT services companies similar to Accenture like wipro, infosys, etc. are all at risk

likesmart

But stock might go up still

Have you looked at what the stock price has done over the last 1, 2, 5 years?

Now’s the time to buy!!!

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