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Accenture to ‘exit’ staff who cannot be retrained for age of AI

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Accenture has reduced its global workforce by more than 11,000 in the past three months and warned staff that more would be asked to leave if they cannot be retrained for the age of artificial intelligence.

The Dublin-headquartered consulting group on Thursday detailed an $865 million (€740 million) restructuring programme and an outlook for the year ahead that reflects continuing sluggish corporate demand for consulting projects and a clampdown on spending within the US federal government.

“We are exiting on a compressed timeline people where reskilling, based on our experience, is not a viable path for the skills we need,” chief executive Julie Sweet told analysts on a conference call.

The company employed 779,000 people at the end of August, it said, down from 791,000 three months earlier, after beginning a round of lay-offs that will continue until the end of November. It did not say how many jobs had gone directly as a result of the restructuring, but said severance payments and other costs totalled $615 million in the quarter just ended and would be $250 million more in the current three-month period.

The cuts allowed Accenture to say it would continue to expand operating profit margins at its historic annual rate of at least 10 basis points in the next fiscal year, a target that some analysts had worried might have to be dropped given the tough industry conditions.

While demand for large-scale digital transformation work continues to be strong, for much of the past two years companies have been wary about hiring consultants such as Accenture for shorter-term projects.

The company said revenues grew 7 per cent to $69.7 billion in the year to August, for a net income of $7.83 billion, up 6 per cent.

It predicted revenue growth would slow to between 2 and 5 per cent in the fiscal year just started. The range would have been a percentage point higher but for the clampdown on spending by the US federal government, which has historically accounted for about 8 per cent of Accenture’s revenue.

A cost-saving effort under the auspices of the Department of Government Efficiency, initially spearheaded by Elon Musk, has cancelled IT contracts and challenged other spending on consultants, while lay-offs across government have slowed the procurement process.

Accenture said generative AI projects accounted for $5.1bn of its new bookings in the year just ended, up from $3bn the year before. It said 77,000 of its workforce were now skilled AI or data professionals, up from 40,000 two years before.

Sweet said that Accenture’s headcount would grow again overall in the coming year. “We are investing in upskilling our reinventors, which is our primary strategy,” she said.

Accenture shares dropped 2.7 per cent on Thursday to close at their lowest level since November 2020. – Copyright The Financial Times Limited 2025

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Worried about the government’s €10m NFL spend? Donohoe says the payout will be ‘immense’

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AS CROKE PARK prepares to host an NFL game this weekend, the government is betting €10 million on the spectacle, with finance minister Paschal Donohoe promising the economic rewards will be huge.

The Pittsburgh Steelers and Minnesota Vikings will meet in Dublin on Sunday in what will be the first regular-season NFL game ever played on the island of Ireland.

Around 75,000 people are expected at the Jones’ Road venue, with government estimates suggesting 30,000 of them will have travelled from abroad, according to Fáilte Ireland and the Department of Tourism.

They have projected that the event will generate €64m in additional economic activity for Ireland, with a direct Exchequer return on the State’s investment of nearly two to one.

The government has invested €9.95 million (before VAT) in hosting the match.

Donohoe said the spend was justified by the scale of international tourism and revenue that the game would bring.

“Yes, significant investment has gone in to delivering this NFL game, but I’m absolutely confident the reward in economic terms will be immense,” he said.

“This is a particular event… because of its ability to attract international and American tourists, some of whom are coming to Dublin for the first time, and that has an additional economic impact that we do have to justify.”

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Last year’s college football clash between Notre Dame and Navy at the Aviva Stadium was valued at €180 million, while the 2022 Nebraska v Northwestern game generated €53.5 million.

Munich’s first NFL game in 2022 produced a boost of just over €70 million.

The high-profile fixture this weekend has faced backlash from local politicians and sports figures, however

Eight-time All-Ireland winner Michael Darragh MacAuley said he would join protests against the event, criticising what he described as the NFL’s close ties with the US military.

“I’m disappointed about it,” he told The 42.

“I’m nearly laughing at myself when I hear some dissenting voices here saying sport and politics doesn’t mix. Try to say that to the NFL and the military.

“I think this is this is an organisation that doesn’t hold a high moral bar to anyone,” MacAuley added.

Some critics have also pointed to US support for Israel’s continued assaults and blockade on Gaza.

Labour councillor Darragh Moriarty warned of the “political and cultural cost” of tying Ireland’s national stadium to the NFL, while Green councillor Janet Horner called the city-wide promotion “ridiculous” and said it prioritised tourists over Dubliners.

People Before Profit TD Ruth Coppinger told the Dáil yesterday that American football was “steeped in militarism, racism and macho culture.”

With reporting from Jane Matthews

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The Traitors is ‘main chat over pints’ – Slane looks to make most of hit RTÉ show

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The winners of The Traitors Ireland, the hit RTÉ reality TV show, may be “traitor slayers” Vanessa Ogbonna, Kelley Higgins and Oyin Adeyemi.

But host venue Slane Castle and the surrounding area in Co Meath have proven to be another star of the show.

Local people want to capitalise on the popularity of the show and hope to reap the rewards of having had the popular traitors – and faithfuls – staying in their midst.

“It absolutely has to be good for Slane,” said Meath County Council Cathaoirleach Wayne Harding, whose family run the Village Inn there.

Harding said the programme had “replaced football as the main chat over pints at the bar”.

“Everyone was commenting on how well Slane looked, so it really has put the village on the map again for a tourist destination and not only as a rock concert venue,” he said.

In the council headquarters all the talk among staff was about whether “any of the contestants were staying in the village or if I had met Paudie”, he said of the popular contestant, the 68-year-old retired prison officer Paudie Moloney.

“It really got the country’s attention and it’s a bit early to say, but I’d bet visitor numbers will be up in the coming months because of the show.”

Slane Castle has introduced tours for the show’s fans, including a visit to “the conclave” where traitors deliberated on which faithful they would “murder” on episodes. It is situated in dungeons not previously opened for 40 years.

Filming the series in March created special memories for the castle’s owner Alex Conyngham of his late father Henry Mount Charles, who had marvelled at the interior renovations for the show just three months before he died.

“He walked around the castle and was just amazed at the sets, especially the round table,” Mr Conyngham said of the decorative wooden table where contestants met nightly to try to weed out a traitor.

“The castle was full of more electrical cables than for a Slane gig with all the cameras and lighting everywhere, and Dad was just delighted how they reinvented the interiors.”

The dungeon used to be a keg store for the castle’s one-time nightclub and was boarded until it was used for the conclave’s late-night “scenes of treachery and murder”.

“It’s an incredible space – completely silent and pitch dark, so it’s perfect for secret scheming,” he said.

It was important to Mr Conyngham and his family that the whole village of Slane and not just the castle reaped any benefits from the hit series.

“I’ve definitely noticed more people stopping at the gates of the castle and taking pictures and the hits on our website and calls to Rock Farm have also increased,” he said, referring to the castle’s organic farm.

Alex Conyngham at Slane Castle, the location for The Traitors Ireland. Photograph: Andres Poveda
Alex Conyngham at Slane Castle, the location for The Traitors Ireland. Photograph: Andres Poveda

He said he hoped the television programme showcased nearby attractions such as the Hill of Slane, kayaking on the river Boyne and Slane Distillery.

Although the castle is only open to events, Mr Conyngham and his wife Carina have recently opened their home to guests who stay in the castle’s bedrooms.

There is also a new “The Traitors Tour Afternoon Tea” experience.

“People enjoy afternoon tea in the ballroom and are given an envelope to say if they are a traitor or a faithful,” he said.

“They can then play a smaller version of the game as they take a tour of the castle and the rooms used in the series, including the infamous dungeon.”

Mr Conyngham even tried on a traitor’s cloak for size.

“You do develop a different persona underneath that hood,” he said with a laugh.

He would not be drawn on whether the castle would host another series.

“I’d be very hopeful; it’s highly likely because of its success, but I can’t confirm anything yet,” he said.

“From a young age we have been used to being sworn to secrecy about concerts at the castle, so we have no problem keeping secrets when it comes to the Traitors Ireland.”

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YouTube TV, NBCUniversal warn of impending carriage dispute that could lead to network blackout

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  • YouTube TV and NBCUniversal are ramping up for a carriage dispute that could lead to a blackout at the end of the month.
  • NBCUniversal has never pulled its programming from any video distributor in its history within in the U.S.
  • YouTube TV said in a statement it will issue a $10 credit to all customers if NBCUniversal programming is off the air for “an extended period of time.”
INGLEWOOD, CALIFORNIA – NOVEMBER 17: A detail view of a NBC Sunday Night Football video camera during the first half between the Cincinnati Bengals and the Los Angeles Chargers at SoFi Stadium on November 17, 2024 in Inglewood, California.
Ric Tapia | Getty Images Sport | Getty Images

YouTube TV subscribers may soon be without “Sunday Night Football,” “The Voice” and other NBCUniversal programming as the parties ramp up for a carriage dispute that could lead to a blackout at the end of the month.

CNBC reported the two sides could be headed for a potential blackout earlier Thursday. It’s a sign of YouTube’s relatively newfound muscle in streaming and television.

YouTube TV has about 10 million subscribers, according to people familiar the matter.

NBCUniversal said in a statement that YouTube TV “has refused the best rates and terms in the market, demanding preferential treatment and seeking an unfair advantage over competitors to dominate the video marketplace — all under the false pretense of fighting for the consumer. The result: YouTube TV customers will lose access to NBCUniversal’s premium programming.”

Starting Thursday night, NBCUniversal will begin running messages for YouTube TV customers alerting them to the impending loss of networks if a deal isn’t reached.

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NBCUniversal has never “gone dark” in its history in the U.S., both under the ownership of Comcast and General Electric before that, according to a company spokesperson.

YouTube TV issued its own statement Thursday, saying, “NBCUniversal is asking us to pay more than what they charge consumers for the same content on Peacock, which would mean less flexibility and higher prices for our subscribers. We are committed to working with NBCUniversal to reach a fair deal for both sides ahead of our current agreement expiring on September 30. If their content is unavailable for an extended period of time, we’ll offer our subscribers a $10 credit.”

Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.

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