Of the 19,000 employees it will lay off, Accenture said over half will be in non-billable corporate functions.
In the next 18 months, the IT behemoth is planning to fire 19,000 employees (about 2.5% of its global headcount).
Accenture has over 7 lakh employees in India.
With around 40% of Accenture's talent pool based in India that at least about 7,000 jobs in the country are likely to be impacted.
The company expects to incur $1.2 billion in employee severance and other personnel costs — $500 million in FY23 and $700 million in FY24.
Accenture expects its revenue to increase by 8-10 percent in FY23 year-on-year, slashing the top end of its guidance from 11 percent. Accenture follows a September-August financial year.
The company beat its revenue guidance for the quarter with revenue coming in at $15.81 billion, and also new bookings at a record high of $22.1 billion — an increase of 36.4 percent sequentially.