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Accenture to lay off 336 executives
By SiliconIndia | Sunday, 23 August 2009, 18:59 Hrs |
107 Comments
The company has about 177,000 employees globally, of which 4,800 are senior-executive employees. The lay off is likely to be completed by the end of November 2009. The company said that the reductions would cost about $247 million in the fourth quarter, which ends on August 31. Out of $247 million, about $128 million of the charge is for severance and related costs of workforce reductions at the senior executive level and $119 million linked to reduction of excess office space. The company said that the space reductions would be completed by the end of August, while the job cuts are expected to be completed in the first quarter of fiscal 2010.
According to a projection by Goldman Sachs Group, global technology spending will decline by eight percent this year. Accenture said that it continued to expect net revenues for the fourth quarter in the range of $5 billion to $5.2 billion with operating margins between 13.4 percent and 13.7 percent. But the company also added that the restructuring charges will likely reduce its earnings per share for both the fourth quarter and the full year by 24 cents.
The company had generated net revenue of $23.39 billion for the fiscal ended August 31, 2008. In the last one year, the stock of Accenture has climbed by 11 percent on the New York Stock Exchange (NYSE).
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Reader's comments(107)
1:
Well put Vihari Sharma.
My wife has been an ex-employee with Accenture BPO for 5 yrs.
She "Quit her managers last year" and not the Company.
She has worked with big names like Genpact,HSBC etc.
The Senior Executive population was always spreading Gyan and quoting Harvard Business Review for every word they speak.
People graduated from IIT and IIMs just warming seats was pretty common.
After spending good 5 yrs (almost from inception of BPO services at Bangalore) with high individual performance ratings,she decided to leave due to her "High Qualified High Cost Low Performance Team" of Manager,Senior manager, BU Lead
In capability was all through from Level C to Senior exec for her team and once she left the process sunk from 125+ FTEs to none.The Clients moved on to Competitive service providers
My wife has been an ex-employee with Accenture BPO for 5 yrs.
She "Quit her managers last year" and not the Company.
She has worked with big names like Genpact,HSBC etc.
The Senior Executive population was always spreading Gyan and quoting Harvard Business Review for every word they speak.
People graduated from IIT and IIMs just warming seats was pretty common.
After spending good 5 yrs (almost from inception of BPO services at Bangalore) with high individual performance ratings,she decided to leave due to her "High Qualified High Cost Low Performance Team" of Manager,Senior manager, BU Lead
In capability was all through from Level C to Senior exec for her team and once she left the process sunk from 125+ FTEs to none.The Clients moved on to Competitive service providers
Posted by:Ex BPO at Accenture
- 04 Sep, 2009
2:
Good!!. Most senior-level managers are just warming up benches. They should be moved out of the company where they can show more of their their "bossy" attitude. I myself work for Accenture and have seen it. It's a fact.
Posted by:alex
- 01 Sep, 2009
3:
Any organisation suffers due to it`s bad management and CEO. Why to torture the juniors? If they ( TOP BOSSES ) do not know how to manage then why they do not give up ?
Posted by:B.Basu
- 31 Aug, 2009
4:
Anyone that has matured in the IT Industry for the past couple of few centuries would know that "Accidenture" has in the past and still do reflect very bad management skills. There consultancy model reflects on sending in the professionals to secure a contract and then once secured leave site and let a few junior consultants sink or swim. As far as the business model I guess it's good business in the short run, but in the long run I know of quite a few companies that would refuse to ever do business with "Accidenture" again. As we all know there a current cases against "Accidenture" for misrepresentation of skills, etc with regards to there business principles and if my faith in humanity ever gets restored you will find that "Accidenture" is on a downward spiral as far as future business is concerned. Good luck to all that is still working for this Company, my advise is to make the change while it is still your choice, you will be much better for it in the long run.As the saying goes "what goes around comes around"
Posted by:Shane
- 31 Aug, 2009
5:
This is one of the most stupid company ever seen. Hire like anything and fire like anything. If any of you would have attended its walk in you might know. They will call in mass like 200-300 members per position interview like anything and then recruit. Keep them for some time till they are into project, if the company doesnt need them fire them out.
High performance delivered then High performers fired. Last week one of my past coleague expert in Testing got fired and got a better paying job anyway.
Tell your friends, coleagues, never ever join this company.
High performance delivered then High performers fired. Last week one of my past coleague expert in Testing got fired and got a better paying job anyway.
Tell your friends, coleagues, never ever join this company.
Posted by:Vihari Sharma
- 31 Aug, 2009
6:
Not only accenture.that is the situation in most IT firms.I was just wondering why they are recruiting in large nos!
sreevinod Replied to: Vihari Sharma
- 31 Aug, 2009
7:
you all know the Cannibals in a sOFTWARE COMPANY STORY RIGHT?
So, th e managers will never be mised..
So, th e managers will never be mised..
Posted by:venkat
- 30 Aug, 2009
8:
Now the Americans know what Indians were doing, buying fltas, eating fish and pan masala
Posted by:rajesh
- 29 Aug, 2009
9:
Big time management blunders transfers into Layoffs. Otherwise, there is no reasons for layoffs
Posted by:Ajay R
- 29 Aug, 2009
10:
No company wants to absorb the impact of the Recession.To maintain Profit level at the cost of Employee.Reduce the salary,Fire people is one way they have.Companies like Accenture who can easily absorb the Impact are pushing the pain to Employees..This is not fair...These Employeed have been founding block of Accenture and have contributed lot to the Organization Success.
Gaurav Tiwari Replied to: Ajay R
- 29 Aug, 2009
11:
It is the way Inhuman American company CEO's do, unlike Japanies. Japanies CEO are ready to give up thier postion to save thier employees & company. American CEO,s think of saving thier Fat salary at the expense of Employees & & company. All must be knowing what american companies did when Obama gave tax payers money to the ailing finace companies. First act was to give Hefty amount to top executives. They are self centered inhuman, Hypocrats.
Kp Vijaykumar Replied to: Gaurav Tiwari
- 30 Aug, 2009
12:
I believe this is for the first time some company has decided to lay off senior management. Hats off to infosys, a great step.
One senior Management guy = 2+ normal developer.
This will bring some stability in recession where freshers are finding hard to get a place
One senior Management guy = 2+ normal developer.
This will bring some stability in recession where freshers are finding hard to get a place
Posted by:Sam
- 29 Aug, 2009
15:
Absolutely correct Mr Joseph . Hi performance delivered to other companies :-)
Malli Replied to: guest
- 29 Aug, 2009
16:
"Lays offs" in my words are "evil plans of Devil"
Now a days companies finds a new way to have money in thier pockets "reduce work force to save money" they have earned before as they now left with no more creativity to earn more using the work force.
Now a days companies finds a new way to have money in thier pockets "reduce work force to save money" they have earned before as they now left with no more creativity to earn more using the work force.
Posted by:Deepak Jain
- 29 Aug, 2009
17:
i thing its wrong for the corporate world bcz before the lay off he should at onces that remember the employee about the living base bcz .before the cut off i think if they r reddy for the cut some salary so i hope the they r considerable the employees , i hope its my veiw bcz i dont want to heart any one u have to know about the all view not only for the profit of the company bcz they at list gave the afferds of the company for the growth . after all with the company employees also the part of the company both r the same level factor for the cycle .
Posted by:BHOOPESH BHONDLE
- 29 Aug, 2009
18:
There should be way to tackle these issues. other wise more will be expected like
Posted by:Loganathan Natarajan
- 29 Aug, 2009
19:
I have got an offer for a 6 month project from Axenuture?going by the blog what do i do?
Posted by:vijay
- 29 Aug, 2009
20:
Do not join such company's. However, if join take maximum salary & work work for that amount only not any extra
Kp Vijaykumar Replied to: vijay
- 30 Aug, 2009
21:
join for the project. since it is a contract project ,it will not affect you. After all the lay off is for Sr. Executives.
Biju Jacob Thomas Replied to: vijay
- 29 Aug, 2009
22:
I have come to hear that Accenture has decided to decrease the salary instead of firing senior managers. Bosco, Pune
Posted by:bosco
- 25 Aug, 2009
24:
Layoff is common term since last two years.So company has to find some other way to reduce the cost cutting instead of layoff like Honeywell announce mandatory 10 days off in December-January without pay.As per my knowledge this is the best management strategy.
Posted by:Sikandar
- 25 Aug, 2009
25:
Layoff is not only remedy to overcome the situation. What I think cost cutting in all the areas, even CEO's of the company they have to sacrifice some extent to reduce the cost.
Posted by:Venkat Bangalore
- 24 Aug, 2009
26:
Layoff has become part and parcel of every IT organization now-a-days.
mannat Replied to: Venkat Bangalore
- 25 Aug, 2009
27:
These sort of things keep happening. There is no point in arguing whether this is good or bad. The mantra is to get into "Savings Mode".
Listen everybody, the mantra is to get into "Savings Mode". Who knows who has to face this situation.
Listen everybody, the mantra is to get into "Savings Mode". Who knows who has to face this situation.
Posted by:Madan Mohan
- 24 Aug, 2009
28:
Dear madan, I do accept this is common once in 10 years. But companies do not understand one thing when there are no projects to be worked on or to source new projects. I do not understand as to why companies do not target project manager who are like white elephants instead of down the line people with low salaries. This would retain the confidence in major employees and the company too since re-structuring needs to be done at higher level which makes huge difference in cost to the companies.
cnp Replied to: Madan Mohan
- 24 Aug, 2009
29:
Correct, Companies should target Managers. We have 2 managers, 1 Associate Manager over the team of 15 people. Companies should target Project managers also who are doing nothing except sitting idle and taking Attendance.
Mahima Replied to: cnp
- 29 Aug, 2009
30:
dear Madan, if project managers would have been like white elephants, Companies are not zoos to employ them on respectable salaries. You shouldn't be having anythning against one whole professional community man. There are white elephants in all levels, and all stratas. I dont exactly understand what you mean by white elephants, but if they mean people who do not contribute to the growth of the company, then white elephants are spread across.
A. Anand Replied to: cnp
- 25 Aug, 2009
31:
Please don't treat this as serious,it's a Global truth the company is Accenture always do the same,now utilizing the recession no wonder PLZ.........
Posted by:Preran
- 24 Aug, 2009
33:
brother in law, you will realise the beauty even more when you would try and look deeper into the picture and take those hands off that ashamed face only to know that the face is the one you see in your mirror everyday. Thats you.
X-men Replied to: asit
- 24 Aug, 2009
34:
Thank god i did not get placed in accenture which used to be my dream company for several years until I attended an interview and even got selected which showed me the real colour of accenture. It sucks
Dilip Replied to: asit
- 24 Aug, 2009
35:
I have seen paltry paid domestic servants in India kicked without much demour!
Posted by:Ved from Victoria Institutions
- 24 Aug, 2009
36:
Good that senior executives whose only job is to fire people are being targeted.
Posted by:Ramu
- 24 Aug, 2009
37:
NOTHING GREAT ABOUT THIS COMY.NOW THEY LEARNED HOW TO MANAGE THIGS? IT IS JUST LIKE A TEA STALL ON THE ROAD SIDE?
FERNANDASE Replied to: Ramu
- 24 Aug, 2009
38:
I worked in this Tea Stall for 5 years. Now they can make some real savings.
Ramu Replied to: FERNANDASE
- 24 Aug, 2009
39:
The Old and well established Company like Lehman Brothers have collapsed suddenly due to financial loss on mortgage loans and the wise people including the U.S. Treasurary did not do anything. Hence Accentric this pre-thinking and cutting the cost in all the possible way is correct so that it will not face the problem like other Companies, who suddenly sunk into the deep ocean.
Posted by:RAMA
- 24 Aug, 2009
40:
Dear Rama,
Lehman brothers did not fail because of employess, it failed because of failed policies of its CEO' with fat salary. Same being repeated here in Acenture also. They are not removing fat belly top executives, but will target middle level managers who are stabbed from both ends by subordinates and topm managers.
Lehman brothers did not fail because of employess, it failed because of failed policies of its CEO' with fat salary. Same being repeated here in Acenture also. They are not removing fat belly top executives, but will target middle level managers who are stabbed from both ends by subordinates and topm managers.
Kp Vijaykumar Replied to: RAMA
- 30 Aug, 2009
41:
Yes Mr. Rama, your comment is excellent, which I agree to cent percent. Let majority of people loss job like in Lehman Brothers and the lay of few people in Accentric will safe guard the cost reduction and expenditure to keep the Company above the Water MISS SHREYA
SHREYA IYER Replied to: RAMA
- 29 Aug, 2009
42:
Yes Ms.Rama, you comment very good
Sunkanna.V Replied to: RAMA
- 29 Aug, 2009
43:
They are Playing with Human Beings this is not etal fair
Posted by:good
- 24 Aug, 2009
44:
I Think Accenture is one of the Most Bad Natured IT Companies in the World Businees Sector. It always hiring employees and firing also. Then why they are hiring? Just for firing only....Because take one case about my friend..he is working in Level3 company ,,Accenture Hired him by giving 20%hike after 5 months why fired him by stating that they didnot have projects in SAP. right now since 6 months he is in trails...They just played a game with employees life without considering employees life...I am asking BrillGreen the Chairman of Accenture..What is this nature of your company? Oneday you must face like this problem for your life....then you will come to know what is the reflection of like this cheating things....
Posted by:Venkatmani
- 24 Aug, 2009
45:
Honestly, this is a wrong time to change companies. Your friend shouldn't have joined the company...its not just with Accenture but with all the IT company. A company like Accenture tries to protect peope who have been here for a long time (more than year) and provides over and beyond support to balance work and life.
When people get good hikes wrt market in Accenture, they don't bring up this point. Your friend was definitely earing higher than the market offered salary else the company would have absorbed him/ her.
When the market was good, the employees have seen 30%-50% increase in salaries...it is just about the recesssion and I am sure we will get through this
When people get good hikes wrt market in Accenture, they don't bring up this point. Your friend was definitely earing higher than the market offered salary else the company would have absorbed him/ her.
When the market was good, the employees have seen 30%-50% increase in salaries...it is just about the recesssion and I am sure we will get through this
Priyanka Replied to: Venkatmani
- 29 Aug, 2009
47:
Its just because of their poor resource planning. That HR & Sr managment never reveals. They hires without thinking what exactly they need. And after reaizing that its costing they fires by giving a no. of reasons & demotivates the employee.
Mahima Replied to: RATIKANTA
- 29 Aug, 2009
48:
Correctly said friend but this needs to be noticed to the media level as well to the top management of Accenture and also to the Goverment of India.The goverment should ensure corporates are abide by the ethical practices of handling resources.
Dipranjan Replied to: Venkatmani
- 25 Aug, 2009
49:
Past one year most of the Corporate Companies are removing their staff around the globe just by showing the cause of recession. I strongly believe in that laying-off is not the solution for this problem. Every Management should think before cutting manpower where they can save money initially. If management could minimize their expenses would be better than lay-off. They can cut their Expenses in Transporation/Canteen/increments/Bonus/Medical/entertainments and other allowances which may not effect more on employs but it may costs more than what they are saving by lay-off.
Posted by:Kiran
- 24 Aug, 2009
50:
Layoff's is essential when a company suddenly sees declines in revenues and due to their survival of existance, every company does and they does so by retaining very important people. Unfortunately, some services based companies like this, its a difficult scenario to take a company wide decision. Moreover, these Business Dev Managers draws a salary of 10 Engineer's(Yes it is) and they too get the share from the business contract. This is usual practice. Firing them would really justice for the company in saving somuch dollars. Less to say that Recession is not limited to one company. A company like Cisco who have Market share of more than 60% did layoff of 700 in San Jose Office alone. The real figure would be much more as they shutdown total business of Cat6500. This is inevitable as Technology advances who will buy 10/100/1G switches.
People talking about 40G under field trials/100G ethernet ports under development. One should very broadly.
People talking about 40G under field trials/100G ethernet ports under development. One should very broadly.
Ravi Replied to: Kiran
- 29 Aug, 2009
52:
I too agree with Kiran.... got the rite point.
This things should be considered.
This things should be considered.
Jasmine Replied to: ajit
- 24 Aug, 2009
53:
I dont seen any bad thing in that...there are doing the right thing...they have targated on Higher Management, who have only Managing work and need additional responsibilties like Businees development.
in this present scenario, there are more people for managing ..but what about Business Development..there are many sitting idle in that post...(Dont you think so..?).with that one person salary he can recruite 100+ freshers... who are like clay..that can mould for their business requirements..
Good on you Accenture....
Hope oters companies also follow this.
Regards
sandy
in this present scenario, there are more people for managing ..but what about Business Development..there are many sitting idle in that post...(Dont you think so..?).with that one person salary he can recruite 100+ freshers... who are like clay..that can mould for their business requirements..
Good on you Accenture....
Hope oters companies also follow this.
Regards
sandy
Posted by:sandy
- 24 Aug, 2009
54:
YES. Your are right. I agree with you.
Kiran Replied to: sandy
- 24 Aug, 2009
55:
what the hell dis accenture is thinking about themself , laying off the employees is not the solution. the things would not goin to be change the real fact, let them overcome this hypothetical things..when they dont have the guts to keep people why they are taking peoples putting their bulshits phases...nothing is goin to be change..let them do what they want to do n god will punish dem one day one by one..take care bye
Posted by:pratima parnayak
- 24 Aug, 2009
56:
It all depends how the Management is efficient to run the business . Retenching staffs is not the solution which creates bad image about the organisation. The fore sightness of the top bosses is not proper.
Posted by:B.Basu
- 24 Aug, 2009
57:
Mr. Basu, to blame anyone is very easy job in the corporate world.
veena Replied to: B.Basu
- 24 Aug, 2009
58:
Veena Tayi, it is very difficult and the situation is like that know tayi?
chandru Replied to: veena
- 24 Aug, 2009
59:
Really hectic to see this... am fear to join this comp... am fresher n recently i got my offer frm this comp...
God
God
Posted by:Dharani
- 24 Aug, 2009
60:
wht rubbish happening in india. As per as my concern its not perfect solution.
Posted by:Nels Rodrigues
- 24 Aug, 2009
61:
Instead of firing front-liners(technies) for improving financial position of the company I prefer senior or middle lever executive, becoz they r highly paid. I dont find anything wrong in company policy.
Posted by:Nels Rod
- 24 Aug, 2009
62:
Now all company have an fair idea and firing the peoples and as always they have only one issue (recession) and after all of that interviews are carrying our (Just for HR peoples sitting blank)... so something is there to fill up the responsibility
Posted by:Shine
- 24 Aug, 2009
63:
Useless top management needs firing at times when they only take the feather from others hats.
Posted by:Gaffar
- 24 Aug, 2009
64:
Why top management? Middle level managers and junior executives are the most responsible people to take any company to another level.
ramanuj Replied to: Gaffar
- 24 Aug, 2009
65:
A company\'s primary responsibility is to its shareholders and financiers. If the company has to lay off people to deliver shareholder value, the company has to do it. Employees are dispensable, profits are not not.
Posted by:Ars
- 24 Aug, 2009
66:
well said...after all life is lifetime business...
since they are managers. they could get a chance to start a new business/returns of life..
since they are managers. they could get a chance to start a new business/returns of life..
Nag Replied to: Ars
- 24 Aug, 2009
67:
They are continually proves their own usual HIRE & FIRE policy,better not to prefer employment in Accenture
Posted by:Bhaskar
- 24 Aug, 2009
68:
I cant say how happy i am that Accenture is LAYING OFF some Senior Managers. I am sure these bunch are the ones who r just wasting money and ruining lives.Accenture was the company i loved working in,worked for 5 years and quit only bcoz of baseless Senior managers whose ego stands more than retaining employees.I am sure this layoff is to balance the phenomenal attrition rate that Accenture has been continuously achieving all these years.Bit of lesson for egocentric Senior Managers & above all the HRs.
xs pz Replied to: Bhaskar
- 25 Aug, 2009
69:
I am one among the penalised by the heartless managers... People value the Performance? Bull Shit.. All that you slough, you dont get anything better. Salary is not the only factor for an individual to be working... I sloughed day and night for this so as company called Accenture... I happend to leave because of the brainless and unfaithful managers... Who cares? even if it was me to would have been layed off by Accenture, I would still been happy... The reason being, its merely waste to give lectures about their core values "Respect for the individual" and they dont follow it.. This could be the most shame full thing of a company...
DRR Replied to: xs pz
- 25 Aug, 2009
70:
Accenture has thousands of network engineers who pretend to do lot of work, but this work is not required, no wonder this company has tarted feeling the pinch now
Posted by:rajesh
- 24 Aug, 2009
71:
please dont prefer accenture at point of your career....it fires either market is strong or not....
prefer tata or infy kind good indian companies
prefer tata or infy kind good indian companies
Posted by:padma
- 24 Aug, 2009
72:
how do you know that they fire all d times? are der no good things abt this company? i hav not worked in it but just want 2 know..
alex Replied to: padma
- 24 Aug, 2009
73:
The company is good but the middle level managers set one employee on the other in the name of performance management and the one who performs less is removed, this goes on till the best performer in one year becomes the worst performer and finally he is also thrown out. There is rampant bias and favouritism thought outwardly they claim to be professional. The senior management does nothing to control the middle level managers who think Accenture is their ancestral property. These guys can make best friends the worst enemies.
Ramu Replied to: alex
- 24 Aug, 2009
74:
I think you are rite, But even then they are the prefered employer in the market. May be they have some best practice methods to balance their business needs which effects adversly to people like you and me. So better to stay away from accenture and their dirty brains.
ajit Replied to: Ramu
- 09 Sep, 2009
75:
This is not only happening in IT companies but in other companies too.The so called performance management/apprisals are all subjective and not objective.The people who are'YES BOSS" type are prefered over the realy performing persons.The innocants only get fired.I firmy belive that The companies gets vanished only because of the policies of people at the top(read Boeard of Directors & not because of down level peoples..Most of the employees working in an organization do not have authority but have lot of responsibility.Are these companies fair in doing the business?Most of these companies are cheats who evade taxes to government by manipulating their finances/anual reports thery putting lot of money into the promoters pocket.Recession is a short term phenomenon.Companies can use their reservers which are earned by their employees in good period instead of spoiling someones family & life.Even during this recession period I know some companies giving hefty rise & perks to top bosses,spending on unnecessary things like expensive cars,air travel,ect & firing the poor down level persons.Is this correct?Why these companies are talking about recession?Instaed of laying of few employees,they can cut down salaries,perks at all level in bad times which they can pay off when the condition improves.Does anybody at top management had this courage?Let they & their families also feel the pinch of recession.
Can anybody answer why big companies like General Motors,Ford ,Ect are in trouble inspite having all talent with them?High management degree,smartness works under normal condition when everything is streamlined,It's only experience counts when in trouble.One should remember the story of a boatman & pandit crossing the river & drowining the boat in the middle of the river.What happened to pandit?He lost his life.
Can anybody answer why big companies like General Motors,Ford ,Ect are in trouble inspite having all talent with them?High management degree,smartness works under normal condition when everything is streamlined,It's only experience counts when in trouble.One should remember the story of a boatman & pandit crossing the river & drowining the boat in the middle of the river.What happened to pandit?He lost his life.
Vasant Replied to: Ramu
- 29 Aug, 2009
76:
Fully agree with this. There Performance managment criteria demotivates employees & casuse a high performer to get down in a year so. An Employee in Accenture can only be promoted of he has good connections with middle level managers otherwise he should forget his promotion. It doesn't matter how did he perform throughout the year.
Mahima Replied to: Ramu
- 29 Aug, 2009
77:
I really don't agree with this aspect. The process is very strong to be influenced by middle management. If you really think that this is affects you and have substatial points to prove it, then directly reach out to Harsh Maglik.
Accenture is a people's company, use your rights.
Accenture is a people's company, use your rights.
Priyanka Replied to: Mahima
- 29 Aug, 2009
78:
I think every IT companies are competing each other to harass the employees. Other reason might be of bearing the losses companies suffered in last six-seven months.
Posted by:sunil yadav
- 24 Aug, 2009
79:
Kraun, you are rt
Puru...as Kraun said, YESSS Market is picking up
none of the companies are presenting rosy picture,well they cant as they are really hiring
but at the same time...Lay-Offs was, is & would be a part of the IT industry.
God bless the market
cheers
Jashan
Joshi
Capgemini India
Puru...as Kraun said, YESSS Market is picking up
none of the companies are presenting rosy picture,well they cant as they are really hiring
but at the same time...Lay-Offs was, is & would be a part of the IT industry.
God bless the market
cheers
Jashan
Joshi
Capgemini India
Posted by:Jashan Joshi
- 23 Aug, 2009
80:
I AM HAPPY THAT THIS IS HAPPENING! KOBBU KAMMI AGATHE! KELAVARIGE...
Posted by:common man
- 23 Aug, 2009
81:
KOBBU KAMMI AADHRAE anemic aagtharae!
karthik raja Replied to: common man
- 24 Aug, 2009
82:
IT industry employees has had very good times (looking at the real estate prices & other commodities in Bangalore) at the cost of other sector employees. Time is ripe for a change (sub-prime crisis has had its effect).
sheshadri Replied to: common man
- 24 Aug, 2009
83:
why are you happy man? After senior manager, it might be your turn.
navneet Replied to: common man
- 23 Aug, 2009
84:
Why are all the IT companies eager to layoff so many empoyees, if the economy is recovering everywhere. Its really strange.
Posted by:kraun
- 23 Aug, 2009
85:
Economy is not recovering yet, its that now slowdown, recession is all over. Everything is stagnant, to keep a step further one has to think more than twice. So keep tight.
karthik raja Replied to: kraun
- 24 Aug, 2009
86:
It's not that only IT companies are laying off their employees.......Slowdown is there everywhere....cutbacks are being done in every organisation.The upcoming IT professionals are so uncertain about their future that many of them have thought of switching their fields.
Amit Nanda Replied to: kraun
- 23 Aug, 2009
87:
Acenture is worst company in world. Please donot jon on this company. They are only cheating guys.
Thanks,
xxx
Thanks,
xxx
anjana Replied to: Amit Nanda
- 28 Aug, 2009
88:
Its a pun of life, that a person who has struggled through the years to get to the top level of senior exec would land up getting a pink slip!
I have been with Accenture for 3 years and I think it is a great place to work. They have take the right step of getting rid of senior exec. They should also remove the HR...they don't know how to handle people and are the rudest people to talk. The project leads and careers Couselors do a far better job.
As always, Accenture Rocks!
I have been with Accenture for 3 years and I think it is a great place to work. They have take the right step of getting rid of senior exec. They should also remove the HR...they don't know how to handle people and are the rudest people to talk. The project leads and careers Couselors do a far better job.
As always, Accenture Rocks!
Priyanka Replied to: anjana
- 29 Aug, 2009
89:
Yes this seems to be the rite step to remove sr.exec, I think they should also remove some sr.managers too as this will carry a message to the rest. I was with accenture for 3 yrs and its a great place to work. some people with crazy brains in sr management should be alerted.
ajit Replied to: Priyanka
- 09 Sep, 2009
90:
The Economy is NOT recovering. They are trying to create a rosy picture ...Green Shoots & Blah Blah...look at the rising US Jobless Claims...Look at the IT companies laying off employees....look at the export sector every where...figures are not even stable...they are declining. Don't listen to hype....look for less discussed but more obvious facts....
Purshottam Replied to: kraun
- 23 Aug, 2009
91:
Nothing is officially HYPED so far. It's that 3rd Cycle is over i.e medium-high-lowest, so what next! Nobody knows how to start, where to start as I said above things are stagnant.
karthik raja Replied to: Purshottam
- 24 Aug, 2009
92:
Well said Mr.Purushottam.Yes it is one hundred percent true.The Asset managers of banks,financial institutions world wide try their best to paint a rosy picture through media to keep their balance sheets from value shrinkage as otherwise many would have to go for bankcruptcy.This economy with so much of inflated paper assets will take many years to recover as corrections have just started.
Shyam.P.Kunte Replied to: Purshottam
- 23 Aug, 2009
93:
The expenses are reduced to show less losses => layoffs of employees and cost cutting paints an artificially rosy picture. What needs to happen is new sales ... big projects signed off: for the real recovery to happen ... and that is no where in sight ... not for next 10 months at least.
The hiring that is going on is to take in new staff at reduced rates, get them trained by the super existing staff ... then cost reduce by laying off the existing higher paid staff: all looks good on paper ... and helps the stockholders of the company: not the employees.
The hiring that is going on is to take in new staff at reduced rates, get them trained by the super existing staff ... then cost reduce by laying off the existing higher paid staff: all looks good on paper ... and helps the stockholders of the company: not the employees.
A N M Replied to: Purshottam
- 23 Aug, 2009
94:
This is not the first time for Accenture to laying off employees.Accenture hire candidates in the state of Project anticipation.If project approved then employees are safe,if project hold from client,employees will be fired
Only limited co. work according to Project based hiring
Only limited co. work according to Project based hiring
Subramanyam Replied to: Purshottam
- 23 Aug, 2009
95:
This will is the process which will never..they are just applying any rule for recession or either.If they want to lay off employee then why the recruit the people.
Narayan Bagwe+ Replied to: Subramanyam
- 24 Aug, 2009
96:
Well,Am just a Management fresher.I would support Accenture for doing this kinda layoff.Well as you all know the objective is to cut cost and generate revenue.So.If the top managers Who are to be sacked take a big bag of money from the corporate and the revenue generated from them is less compared to the work done by the freshers and young lads who join them.so i would better suggest accenture to remove the odd ones and start of restructuring the whole organization.Wellif this is to be done this should be done globally and not only in india. I would be happy if they could start of recruiting freshers and would benefit a lot. Those people who get sacked are very much aware about themarket with their experience. Am sure they would fit in with some organization with a better package. They are safe and there s nothing that we ponder about this issue.and people here if you could help me getting a job please get in touch with me. I am sudharma Graduated MBA hr from Rai business school Chennai. My mail id is sudharmasrinivas@gmail.com
sudharmasrinivasan Replied to: Narayan Bagwe+
- 24 Aug, 2009
97:
I will agree to your point of view. Being an employee of Accenture myself I know that the company is sacking top management however they are also hiring 1500 new freshers who the company will mould to their benifit. This may not sound good to many others on this chat but it certainly is good news for the freshers who would join in, considering that 1.5 yrs back you required to have a min 2 yrs experience to join this company. Then again which company has not reduced its staff after the downturn. I will just say that at least they have not sacked the people who really work hard and need the money to survive. Moreover I am sure that the senior execs will be compensated for amply.
noe Replied to: sudharmasrinivasan
- 24 Aug, 2009
98:
You guys may think that this is not good as Accenture is laying off.
Think of a situation where not sacking few employees and at last closing the company with all the employees.
It is better to sack few to save all....
let it be from top,middle or lower.If they are doing so then definitely there will be a fair reason behind this, to a common man, it may look weird but in depth they have their own reason.
However I also strongly feel that instead of sacking they should have a close watch on the other possibilities for the so called COST CUTTING.
Think of a situation where not sacking few employees and at last closing the company with all the employees.
It is better to sack few to save all....
let it be from top,middle or lower.If they are doing so then definitely there will be a fair reason behind this, to a common man, it may look weird but in depth they have their own reason.
However I also strongly feel that instead of sacking they should have a close watch on the other possibilities for the so called COST CUTTING.
Arun Replied to: sudharmasrinivasan
- 24 Aug, 2009
99:
It appears to me that almost everyone who has commented above have defective communication skills. Having opinions about on-going issues is great, but if you aren't worthy to comment, you should not, just for the sake of expressing your feelings. People, you can't write one line of proper english, and criticizing a billion dollar company? Huh, sounds lame to me.
Ishan Replied to: Arun
- 24 Aug, 2009
100:
Hiring for below position thanks to good i miss that call
who wants to go in Acenture like company
Skill
Years Of Experience
Location
Date Of Interview
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Hyderabad
29-Aug-09
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Pune
29-Aug-09
Microsoft BizTalk Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft SQL Server Developer
3.5 – 8 Yrs
Chennai
29-Aug-09
Microsoft VB Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft BI Tools Developer
3.5 – 8 Yrs
Chennai
29-Aug-09
C#
3.5 – 8 Yrs
Pune
29-Aug-09
who wants to go in Acenture like company
Skill
Years Of Experience
Location
Date Of Interview
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Hyderabad
29-Aug-09
Microsoft SharePoint (MOSS) Developer
3.5 – 8 Yrs
Pune
29-Aug-09
Microsoft BizTalk Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft SQL Server Developer
3.5 – 8 Yrs
Chennai
29-Aug-09
Microsoft VB Developer
3.5 – 8 Yrs
Bangalore
29-Aug-09
Microsoft BI Tools Developer
3.5 – 8 Yrs
Chennai
29-Aug-09
C#
3.5 – 8 Yrs
Pune
29-Aug-09
Rohit Bajaj Replied to: Ishan
- 29 Aug, 2009
101:
Hey guys 1 full Old monk wud resolve all the prblem..cant understand y thrs such a cry..ghar jao auur ek paan ki dukan khol ke betho..:)definitely will resolve all the problem.,,
padia Replied to: Ishan
- 29 Aug, 2009
102:
Mr Arun, everyone have rights express their views,we shouldn't look at the media(mode of communication)and its mistakes, we should try to capture concept. hope u understood.
ram Replied to: Ishan
- 29 Aug, 2009
103:
Husain has given a crispy and thorough reply to Ishaan.... and as far as the topic is concerned, I believe this blog consists of a lot of expert comments which accenture could give a thought for. Guys in simple language, accenture is a big planning company having had changed the fate of many not so well doing comapanies. this is just a small example of what it can do to itself in terms of profit making....
pravin majhi Replied to: Ishan
- 29 Aug, 2009
104:
Harharhar... spokening in dollar huh?:D come on guyz! try harder...
ingleserah Replied to: Ishan
- 26 Aug, 2009
105:
one who says about other's should be 100 percent effective or pefect in every way. As per my knowledge no one is 100% perfect. Encourage and co-operate instead of criticizing some one. The people with knowledge shares the knowledge with all, others they show off.
Vasanth Replied to: Ishan
- 25 Aug, 2009
106:
please take care next time to write something like this.that would be a great favor for other bloggers and readers.thanx a tonn.
husain Replied to: Ishan
- 24 Aug, 2009
107:
well ishan .. that was so conceited of you to write and among all others, i found you the lamest. Blog is for expressing oneself and not for flaunting respective communication skills. And for that matter.. let us see what you have written.
"It appears to me that almost everyone who has commented above have defective communication skills."
i would like to enlighten you with the basic rule of grammer that says that "everyone" represents a single entity. so, it should have had a "has" instead of "have"
"It appears to me that almost everyone who has commented above have defective communication skills."
i would like to enlighten you with the basic rule of grammer that says that "everyone" represents a single entity. so, it should have had a "has" instead of "have"
husain Replied to: Ishan
- 24 Aug, 2009
Beautiful and dress selection, please go to Dresses
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