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Accenture to lay off 336 executives
By
SiliconIndia,Sunday, 23 August 2009, 18:59 Hrs
Bangalore: Accenture, a business consulting and outsourcing company is likely to lay off around 336 senior-level managers as part of a broad-based restructuring effort. William Green, CEO, Accenture said, "We are taking this step to position Accenture better for both short-term and long-term economic improvement growth and profitability."
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).
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
post - 31 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 30 Aug, 2009
post - 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
13: High Performance Delivered !
Posted by: Joseph Manuel - 29 Aug, 2009
14:lol : )
guest replied to: Joseph Manuel
post - 29 Aug, 2009
post - 29 Aug, 2009
15: Absolutely correct Mr Joseph . Hi performance
delivered to other companies :-)
Malli replied to: guest
post - 29 Aug, 2009
post - 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
post - 30 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
23:Are you mocking?
lakuti replied to: bosco
post - 26 Aug, 2009
post - 26 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
post - 25 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 25 Aug, 2009
post - 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
32: nice pic i must say
Posted by: asit - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 24 Aug, 2009
38: I worked in this Tea Stall for 5 years. Now
they can make some real savings.
Ramu replied to: FERNANDASE
post - 24 Aug, 2009
post - 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
post - 30 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 29 Aug, 2009
42:Yes Ms.Rama, you comment very good
Sunkanna.V replied to: RAMA
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 29 Aug, 2009
46:YOU ARE CORRECT
RATIKANTA replied to: Venkatmani
post - 26 Aug, 2009
post - 26 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
post - 29 Aug, 2009
post - 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
post - 25 Aug, 2009
post - 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/Medica
l/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
post - 29 Aug, 2009
post - 29 Aug, 2009
51:agree with kiran
ajit replied to: Kiran
post - 24 Aug, 2009
post - 24 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 24 Aug, 2009
58: Veena Tayi, it is very difficult and the
situation is like that know tayi?
chandru replied to: veena
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 25 Aug, 2009
post - 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
post - 25 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 09 Sep, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 24 Aug, 2009
83:why are you happy man? After senior manager,
it might be your turn.
navneet replied to: common man
post - 23 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 23 Aug, 2009
post - 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
post - 28 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 09 Sep, 2009
post - 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
post - 23 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 23 Aug, 2009
post - 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
post - 23 Aug, 2009
post - 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
post - 23 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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+
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 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
post - 29 Aug, 2009
post - 29 Aug, 2009
104: Harharhar... spokening in dollar huh?:D come
on guyz! try harder...
ingleserah replied to: Ishan
post - 26 Aug, 2009
post - 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
post - 25 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 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
post - 24 Aug, 2009
post - 24 Aug, 2009
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