Consulting firm Accenture stated on Thursday that it would eliminate about 400 Irish jobs.
According to The Irish Times, the company currently has 6,500 employees working in Ireland.
Over the next 18 months, Accenture will eliminate almost 19,000 employees throughout its global workforce.
The New York-listed company stated that more than half of the cuts will affect various departments, including human resources, IT, finance, and marketing. The cuts, which represent about 2.5% of its 738,000-person workforce, will primarily affect corporate support teams rather than client-facing staff.
The firm, which operates out of three offices in Dublin, declined to give a breakdown of the job layoffs by country.
Also, it is closing offices across the globe as part of efforts to save about $1.5 billion, of which about $800 million will be delivered this year and the remaining amount in 2024.
The group said: “While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023 we initiated actions to streamline our operations and transform our non-billable corporate functions to reduce costs.”
The employment layoffs are part of a larger purge occurring in the corporate and technological sectors, with Meta, the owner of Amazon and Facebook, recently announcing even more significant reductions.
The most recent round of Accenture layoffs follow the company’s announcement of better-than-expected profitability and a 5% increase in quarterly revenue.