Accenture lay off staff

Management and technology consulting company Accenture has laid off about 760 employees, or 1 per cent of its workforce.

The company, formerly known as Andersen Consulting, made the cuts as "part of an ongoing process to reshape our workforce".

The layoffs were primarily at the company's locations in the United States and affected mid-level to high-level employees.

Despite the reductions, Accenture said it continued to hire new employees and expected to end its fiscal year 2003 with a larger workforce than in 2002.