The change comes at a time when Accenture faces an uncertain economic outlook, marked by a tightening of corporate spending and macroeconomic volatility.
A company spokesperson confirmed that the new promotions schedule better aligns with the company’s visibility into customer strategies and demand levels, which are typically clearer mid-year.
Following the news, Accenture shares fell nearly 5% on Tuesday, taking them into negative territory for the year. Investors appeared to be reacting to broader concerns affecting the consulting industry, where spending cuts by corporate clients have been a growing trend.
Accenture’s decision to delay promotions reflects a broader trend within the consulting industry. Firms including McKinsey, Ernst & Young and PricewaterhouseCoopers have also made staff adjustments in response to economic headwinds.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.