The IT consulting firm’s stock nosedived 18% Thursday after Accenture reported weaker-than-expected fiscal third-quarter revenue.
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Fellow professional services firms such as Deloitte, Ernst & Young, and KPMG have already undergone significant layoffs.
Rest assured, Africa is far from the only region where corruption cases have made the auditing business risky.
Many enterprises are in a “phase of investigation” with AI deployment.
EY informed around 200 recent graduates hired for its Parthenon advisory division that their start dates have been postponed until mid-2025.