Detroit, November 3: Information Technology major Accenture is reportedly planning to lay off some of its employees from the Detroit office due to "business strategy shifts". Accenture is known for its wide range of services and solutions in different segments like consulting, strategy, technology, digital, and operations. The IT company helps other businesses to improve their performance and create better value for their stakeholders.

According to Investing.com report, Accenture plans to reduce its significant workforce in the Detroit office. The report further says that the layoff could be related to a shift in business strategy, restructuring plans or financial difficulties. As per the report, the firm will permanently lay off its 83 staff members by the end of Q2 2024. Uber and Lyft To Pay USD 328 Million to Drivers in New York Wage-Theft Settlement.

Accenture Layoff effect on the employees:

According to the report, the layoff at the Detroit office will begin on December 4, 2023, and continue to May 28, 2024. The report further mentions that Accenture's decision to lay off its employees from senior analysts to trust and safety analysts. The employees will receive two months of notice, and the IT major will also provide them the option to reverse termination if they can secure another role within the firm. Facebook New Feature Update: Meta-Owned Facebook To Help Creators Test Different Versions of Reels Before Posting on Platform.

Accenture laying off its employees will urge them to look for another position in other organizations. The decision will also affect the local businesses into trusting the company. Accenture has a large employee base across the world. The company employs 738,000 employees worldwide and serves clients in over 120 countries. According to the same report, the Accenture layoffs result from clients' contract modification that requires adjusting the staff numbers.

(The above story first appeared on LatestLY on Nov 03, 2023 01:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).