Accenture says initiated actions to streamline operations in Q2

During the second quarter of fiscal 2023, Accenture initiated actions to streamline operations, transform non-billable corporate functions and consolidate office space to reduce costs. The company recorded $244M in business optimization costs during the second quarter and expects to record total costs of approximately $1.5B through fiscal 2024. Accenture estimates $1.2B for severance and $300M for consolidation of office space, with approximately $800M expected in fiscal 2023 and $700M in fiscal 2024.