Even Consultants Get the Blues

Posted on Tuesday, Mar 28, 2023 by Ned Bellavance

Featured in this episode of Chaos Lever

Gigantic consultancy firm Accenture announced last week that they will be laying off 19k people over the next 18 months. What’s amazing is that 19k only represents 2.5% of their workforce, which means they employ roughly 760k people.

Just for fun, I looked up the total number of coal miners in the US and it was 38,400. Accenture also employs more people than Apple, Facebook, and Microsoft. And unless you’re in technology, you’ve probably never heard their name before.

I really wanted to make this post about the people who are going to be impacted by this layoff, but I can’t shake the size and scale of Accenture. Weirder yet? They expect their sales to grow, GROW, by 8% to 10% this year. Now I know this is likely the shedding of low performers, people who’s skills aren’t in demand, and anyone who was born on a leap year, cause fuck it why not? But you’d think a healthy, gigantic corporation growing by 8% YoY wouldn’t need to layoff the equivalent of half of all coal miners.

I’m starting to think capitalism doesn’t have workers’ best interests at heart.