Accenture to cut 1000 jobs

IT and management consulting giant Accenture will cut about 1000 jobs in the US, England and Australia to reduce costs in uncertain economic times, the company said yesterday.

The cuts, mostly management jobs, will take place by the end of August, said company spokesperson Roxanne Taylor.

The impact of the downsizing drive on Australian staff is reportedly unknown at this stage.

Meanwhile, Taylor would not provide specific reasons for the cuts, except to say that there have "been challenging economic conditions in some parts of the world".

Bermuda-based Accenture expects other hiring will offset the cuts, meaning the company's work force of about 75,000 will remain at that level by September, when its 2002 fiscal year ends.

Accenture expects to add about 8000 more employees during the upcoming fiscal 2003 year, Taylor said.

Accenture, formerly named Andersen Consulting, cut about 1500 jobs last year.

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