More than half of the layoffs will affect staff at its non-billable corporate functions, the company said, sending its shares up more than 4% before the bell.
People who aren't consultants that bill clients. Based on my experience, there aren't a lot of useless middle managers in consulting as they prefer people with client billable skills. Of the folks I work with, the sales staff aren't billable (but they bring in the sales and are likely safe in scenarios like this) and neither is HR and some of the administration roles. I'm a regional practice manager for a large consulting firm responsible for technical excellence for our consultants as well as setting the strategy for our cloud and applications development practices. I'm still a billable resource who is expected to deliver value directly to individual clients when I'm not doing that or working on new pursuits. The vast majority of people I interact with on a daily basis are all billable. It's not until you hit regional and national VP roles that the demand for billing drops off.
Accenture is a body shop so anyone who isn’t working for a client will constitute as non-billable Corp function. HR, marketing, sales, middle management, recruiters, IT admins, and so on.
zoomablemind|2 years ago
tstrimple|2 years ago
vishnugupta|2 years ago