IT company Accenture is going to cut 19000 jobs, fear of recession

Posted on 24th Mar 2023 11:05 am by rohit kumar

A piece of bad news has come for the employees working in the IT company Accenture. Accenture is said to be anticipating a decline in its profit in the coming days and fears a revenue shortfall amid projections of a recession.

 

Because of this, the IT company is going to cut jobs. According to the information, about 19,000 jobs are being reduced. The deteriorating global economic outlook is driving up corporate spending on IT services. Due to this, Accenture has decided to reduce jobs. Let us tell you that not only Accenture, but many big companies have announced layoffs this year.

 

Accenture worried about a recession

Accenture fears that the slowdown may affect the company. This led to the need to cut enterprise technology budgets. According to Accenture, annual revenue growth in the coming days is expected to be in the range of 8% to 10%, compared to the earlier expectation of 8% to 11%. The company expects earnings per share in the range of $10.84 to $11.06, compared with the previously expected range of $11.20 to $11.52.

 

These companies have already laid off

This year many companies have decided to cut jobs. At the beginning of the year, companies like Meta, Google, and Zoom had already decided to lay off people. According to reports, Facebook's parent company Meta is planning to reduce around 10,000 employees from its team. This is the take-off of the second phase of META.

 

Apart from this, Zoom Video Communications has decided to lay off 1300 employees.

 

Also Read: Credit Suisse: How the 166-year-old bank reached this condition, 10 key things about the deal with UBS

Other news

'If terrorism rises, we will crush it', said PM Modi after the inauguration of Indore Metro and Datia Satna Airport

Prime Minister Narendra Modi arrived at the Mahila Empowerment Maha Sammelan in Bhopal on Saturda

IND vs ENG: Will Shardul-Anshul be out of the fifth Test? Bumrah and Siraj are tired; these four are strong contenders

Despite drawing the Old Trafford Test against England brilliantly, the Indian team is looking for

PM Modi: PM Modi is on a three-day visit to Gujarat from today; will hold the NBWL meeting, and will also visit Vantara.

Prime Minister Narendra Modi will be on a three-day visit to Gujarat from Saturday. He will chair

Firing at Disha Patni's house: Police scanned 2500 footages, no clue of shooters found, STF is also searching

In the case of firing at actress Disha Patani's house in Bareilly, the police have so far checked

Jyoti Malhotra: Jyoti's remand was extended by four days, police gave this argument in court; The Investigation of the Pak connection continues.

After presenting Haryana's YouTuber Jyoti Malhotra in court on charges of spying for Pakistan, he

'Development and heritage will move forward together', PM Modi said - There is no scope for division in India's mantra of unity in diversity.

Prime Minister Narendra Modi said on Thursday that the picture of new India is a confluence of bo

PM Modi: PM Modi's claim: 'TMC is fighting for survival, Bengal will be the most beneficial state for BJP'

PM Modi said in a recent interview that 'he wants to alert the SC, ST, and OBC category because t

Budget Session: Last session of the second term of the Modi government from today, Sitharaman will present the interim budget tomorrow

The budget session of Parliament is starting from today. The session will begin with the address

Konaseema ONGC Well Fire: The fire at the ONGC well is out of control; experts have been called in from Mumbai and Delhi to Andhra Pradesh.

ONGC expert teams from Mumbai and Delhi have been dispatched to the site to extinguish a massive

Diljit Dosanjh: Diljit Dosanjh's wife and son in America, the first album released even before he became an adult.

All kinds of stories have been heard in the film industry regarding why director Imtiaz Ali's new