Accenture has delayed its promotion cycle from December to June, citing economic uncertainty and corporate spending cuts.
The consulting giant's decision aligns with a broader industry trend, as companies like McKinsey and PwC face similar challenges. A spokesperson stated that the new schedule provides better visibility into client strategies, typically clearer by mid-year.
Following the announcement, Accenture's stock dropped nearly 5%, reflecting investor concerns. This move highlights the consultancy sector's ongoing struggles with macroeconomic volatility and shifting client demands, prompting firms to adjust staffing and promotion timelines accordingly.