Accenture, an American management consultancy, technology services and outsourcing firm in Dhaka, today announced to terminate all its 556 employees from November.

Top officials of Accenture Communications Infrastructure Solutions Limited (ACISL) confirmed the decision. However, the firm did not specify the reason behind the decision.

“All the employees received an e-mail containing notice for termination of contract from the chief operating officer (COO) of the company today,” said Shahin Ahmed, general secretary of Accenture Employees’ Union, Bangladesh.

Earlier in another e-mail on July 17, Accenture said both Accenture and Telenor Group have taken a look on how to serve the evolving needs of the business.

Accenture entered Bangladesh acquiring 51 percent share of the Grameenphone’s IT subsidiary GPIT in 2013.

Back on January 28, 2011, Grameenphone launched the country’s leading IT service company GPIT, that mainly served the market’s leading mobile operator of the country and Telenor’s other ventures in different countries.