Accenture delays promotion cycle to June from December

In a move signalling ongoing challenges in the consultancy sector, Accenture announced a significant shift in its promotion cycle, delaying the process by six months. Traditionally held in December, promotions at the global consulting and professional services giant will now occur in June, according to an internal company message obtained by Bloomberg. The change comes as Accenture faces an uncertain economic landscape, marked by tightening corporate spending and macroeconomic volatility.

A company spokesperson confirmed that the new promotion schedule aligns better with the firm's visibility into client strategies and demand levels, which are typically clearer by mid-year. Following the news, Accenture’s stock saw a nearly 5% decline on Tuesday, pushing it into negative territory for the year. Investors appeared to react to the broader concerns affecting the consultancy industry, where spending cuts by corporate clients have been a growing trend.



Accenture’s decision to delay promotions reflects a broader trend within the consultancy industry. Companies like McKinsey, Ernst & Young, and PricewaterhouseCoopers have also made staffing adjustments in response to economic headwinds..