Accenture drops on report of promotion delays
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Contributor since / Followers
Contributor since / Followers
2 months ago
HJBC
- Accenture (NYSE:ACN) shares fell 3% on Tuesday after Bloomberg reported that the company has pushed back the majority of the staff promotions amid the continued slump in the consulting industry.
- The company made an announcement in an internal blog post last week that most promotions will occur in June 2025, as opposed to December, the news outlet added, citing people familiar with the matter. Manager directors were informed of the change earlier in the month, the news outlet added.
- Accenture did not immediately respond to a request for comment from Seeking Alpha.