IT Consulting Firms Show Resilience Despite Market Downturn
Despite a current market sell-off, IT consulting companies like Accenture and Capgemini are demonstrating resilience, suggesting that the downturn may not be as severe as perceived.
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Despite a current market sell-off, IT consulting companies like Accenture and Capgemini are demonstrating resilience, suggesting that the downturn may not be as severe as perceived.
Norway saw an increase of approximately 12,800 new dollar millionaires last year, according to a new report from Capgemini. By the end of the year, the total number of dollar millionaires in Norway reached 228,700, a 6% increase from the previous year.
Capgemini has stated that the adoption and integration of artificial intelligence are expanding the pool of client spending, indicating a growing market for AI-related services.
Capgemini has reached a preliminary agreement regarding its workforce adjustment plan, which is driven by artificial intelligence, resulting in 710 departures, 38 fewer than initially announced.

Volkswagen reported a significant drop in its first-quarter profit, with figures falling by 14% to 28% according to various reports. The automotive giant attributed the decline to weak sales and demand, particularly in key markets like China and the US.

Capgemini has proposed 748 layoffs in Spain, while Inetum plans another 425, marking the first significant collective redundancies attributed to the impact of artificial intelligence on consulting and digital services businesses in the Spanish economy.
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Capgemini CEO Aiman Ezzat dismisses calls for total technological sovereignty in Europe, arguing that absolute sovereignty is unattainable. Instead, he advocates for "right sovereignty solutions" tailored to specific use cases, highlighting Europe's existing independence in some areas but acknowledging US tech dominance. Capgemini partners with US hyperscalers to offer "sovereign" AI and cloud services.

The number of millionaires worldwide and their wealth continued to grow in 2025, reaching new records driven by strong stock market performance and declining inflation, according to a study by Capgemini.

According to Capgemini's 'World Wealth Report,' the number of millionaires in Austria has significantly increased, with 2025 projected to be a record year for the country's wealthy.
Capgemini has announced new mid-term targets, emphasizing its strategy to build on growth in AI consulting. Despite these ambitious plans, the company's shares experienced a decline.
Consulting firm Capgemini has issued a warning to CEOs, emphasizing that the integration and strategic importance of physical AI can no longer be overlooked in business operations.

Meta Platforms has announced plans to lay off thousands of employees, with some reports indicating around 8,000 job cuts. These significant workforce reductions come as the company simultaneously increases its investments in artificial intelligence development.

Capgemini has announced a collective dismissal (ERE) in Spain, citing the need to adapt to a new paradigm driven by the impact of artificial intelligence on its operations. The consulting firm employs over 11,000 professionals in the country.
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The CEO of Capgemini, Aiman Ezzat, cautioned against the risks of unchecked AI adoption, highlighting potential wasted investments driven by 'FOMO' and advocating for a balanced approach.

A new analysis by consulting firm Capgemini reports a significant increase in the number of dollar millionaires worldwide, with Austria also experiencing substantial growth, driven by booming stock markets.
Capgemini has outlined its 2028 strategic plan, which focuses on leveraging the surge in artificial intelligence. The company intends to integrate AI capabilities across its services and operations.
Consulting firm Capgemini has reached an agreement with unions to implement 710 job cuts in Spain, with approximately 124 positions affected in Catalonia, prioritizing voluntary departures.

Experts from NOVA SBE and Capgemini stated at the National Olive Oil Congress that artificial intelligence can enhance harvests, control pests, and boost competitiveness in the olive oil industry.

Spain is experiencing its first layoffs due to artificial intelligence, with Capgemini leading the trend and affecting roles such as IT specialists, developers, and cybersecurity analysts, primarily in Madrid.
Capgemini's strategy chief states that artificial intelligence is not leading to the demise of the consulting industry, contrary to earlier predictions.

Morocco's Ministry of Digital Transition and Administrative Reform, in partnership with Capgemini, has initiated a national mentorship program to enhance digital inclusion for young Moroccan women. The program has now entered its operational phase.
Capgemini announced a 4.2% drop in profit to $1.9 billion, despite an increase in revenue to $26.7 billion, indicating mixed financial performance.