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Accenture plans on 'exiting' staff who can't be reskilled on AI amid restructuring strategy

1. Accenture plans layoffs for staff unable to reskill in AI. 2. The company has reskilled 550,000 workers, investing $865 million. 3. Accenture expects to save over $1 billion from optimization. 4. Revenues grew 7% to $69.7 billion, driven by AI demand. 5. Headcount in AI roles increased significantly to 77,000 by 2025.

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Why Bullish?

The move to prioritize AI and cost savings is expected to enhance profitability, similar to past shifts in tech strategies leading to improved stock performance.

How important is it?

The restructuring and upskilling strategy suggests a commitment to innovation, potentially strengthening market position and investor confidence.

Why Long Term?

Investment in AI and ongoing hiring indicate sustained growth potential, akin to previous periods following strategic tech-focused investments.

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