Accenture wants to lay off employees without AI potential

"We are investing in upskilling our reinventors,"

"exiting on a compressed timeline"

"Accenture has already trained 550,000 employees in the basics of generative AI."

"According to CFO Angie Park, the company expects to save over one billion dollars and plans to reinvest the freed-up budget in the business and the remaining workforce."

Accenture is investing in upskilling its workforce, referring to employees as "reinventors," while moving to exit those who cannot be retrained on a compressed timeline. The company has trained 550,000 employees in the basics of generative AI. The initiative sits within a six-month business optimization program valued at $865 million that includes layoffs and severance packages. The finance team expects to save more than one billion dollars and plans to reinvest the freed-up budget into the business and the remaining workforce. The company intends to maintain profit margins throughout the changes.

Read at Computerworld