Connect with us

Company News

Accenture offers 7 month severance payout to staff

Accenture is offering a seven-month severance payout to employees impacted by its latest layoffs. The package is high considering most companies offer a two-three months’ payout, or one month of salary for every year of service put in. The package is applicable to employees voluntarily tendering resignations. The payout includes a three-month salary in lieu of the notice period and an additional four month salary for those who resign voluntarily, sources said. Last month there were reports that Accenture is laying off 5% of its global workforce. India has two lakh of its five lakh employees, and 5% of that would mean 10,000 employees.

An Accenture spokesperson said at the time: “This year, across all parts of our business and all career levels, we will identify approximately 5% of our people as our lowest performers, and these individuals will transition out of Accenture. This is consistent with our actions each year.” MSN

Click to comment

You must be logged in to post a comment Login

Leave a Reply