As leading tech companies ramp up investment in artificial intelligence (AI) and roll out transformation plans to boost its development, layoffs across the sector are increasing. But are the job cuts at firms like Microsoft, Accenture, Intel, and Salesforce truly driven by AI? The reality appears more complex.
Consulting firm Accenture is undergoing massive restructuring as a result of the development of AI, which has enjoyed revenue growth from $3 billion to $6 billion in one year. Its workforce has shrunk by 12,000 employees in three months, representing 1.5% of its total workforce. “We are exiting, on a compressed timeline, people where reskilling, based on our experience, is not a viable path for the skills we need,” explained chief executive Julie Sweet on 25 September, even though the...
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Article authors
Antoine Piel
Section Head at Mind HR