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This story is from August 25, 2009
All not well at Accenture
Accenture had not replied to a mail from TOI asking about the extent to which its Indian operations would be affected by the move.
Honeywell employees in India said that Krishna Mikkilineni, president of Honeywell Technology Solutions, conveyed the decision at a public gathering in Bangalore recently.
In the case of Accenture, the company���s global CEO William Green said in a company release on Thursday: ������We are acting boldly to position Accenture better for both short-term and long-term economic improvement growth and profitability.������ The 7% workforce reduction would mean over 300 senior executives would be laid-off. The company globally has about 177,000 employees, of which 4,800 are senior-executive employees. The Accenture release said it will also reduce excess office space globally.
Accenture had not replied to a mail from TOI asking about the extent to which its Indian operations would be affected by the move.
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