IT layoffs, Oct. 7 -- IT consulting firm Accenture has cut 11,000 jobs across its global workforce, the tech giant announced on Thursday, as it released its quarterly results, and anticipates further layoffs in the coming months. The job losses come amid the company's accelerated AI push.

The IT major announced an $865 million restructuring plan due to anticipated slower growth this year, attributed to reduced corporate demand caused by federal spending restrictions.

According to Accenture's Q4FY25 earnings, the IT giant's employee business optimisation costs, including employee severance costs, touched $615 million in the last quarter, with an additional $250 million expected in the current quarter. Notably, severance costs include the...