After announcing 19,000 layoffs, that is, about 2.5 per cent of its strength earlier this year, Accenture now intends to increase its artificial intelligence (AI) team. The tech giant plans to expand its workforce to 80,000 employees which is almost double of its current AI team strength.
The decision to expand comes just months after the layoff round in March 2023. The decision impacted its employees associated with the non-billable corporate functions such as human resources, finance and legal.
As per a Bloomberg’s report, the company is now planning to invest a significant sum of $3 billion in its data and AI practice within the next three years. This is part of the company’s strategy to take advantage of the surge in demand for artificial intelligence, and seize the emerging opportunities in this domain.
The investment will also help the organisation assist businesses in crafting innovative AI-based strategies and benefitting from AI.
The report also cites Julie Sweet, CEO, Accenture, admitting that the investment will help Accenture’s clients responsibly transition from “interest to action to value”.
Accenture is not the only tech company focusing on strategic recruitment in the field of AI. Giants such as Meta and Google have also been hiring expertise and talent in AI and related areas, given the rapid growth in the AI industry.