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Accenture to reduce work force by 1,400

Published on .

New York--Accenture will fire 600 employees and ask 800 more to take a voluntary six- to 12-month sabbatical. The moves would affect about 2% of its 75,000-person work force. Those who elect to take the sabbatical will receive 20% of their salaries and benefits, including equity participation in Accenture's planned IPO. The consultancy's layoffs follow those of competitors KPMG Consulting Inc. and PricewaterhouseCoopers L.L.P.
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