Accenture to cut 1000 jobs

ACCENTURE LTD , the world's largest consulting company, said yesterday it would slash about 1,000 jobs, or slightly more than 1% of its workforce, as the consulting industry faced a slump in demand amid the lingering economic downturn.

Bermuda-registered Accenture is a management and technology services company that has been under pressure because large corporations have reduced spending on information technology projects to a trickle.

In an industry that usually has a high turnover, Accenture also has one of its lowest rates of attrition, or the number of staff leaving voluntarily, at 7 percent, spokeswoman Roxanne Taylor said.