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

'Sacrifice is the foundation of our relations', PM Modi's letter to Mohammad Yunus; reminded Bangladesh of the Liberation War.

The situation in India's neighboring country, Bangladesh, remains very unstable. Meanwhile, Prime

World Cup: Prime Minister Modi met Indian players after the final; Shake hands with Jadeja, hugged Shami

India had to face defeat in the final of the ODI World Cup 2023 against Australia. Kangaroos beat

Weather in Delhi-NCR aset to take a turn again today; strong winds and rain forecast, offering relief from the heat.

Delhi’s weather, which has been warming up again over the past two or three days, is set to

When Donald Trump became the President, Elon Musk's wealth increased so much that you will not believe that no one in history is so rich!

During the US presidential election, Elon Musk, the owner of SpaceX, Tesla, and social media plat

Sawan 2023: Sawan starting from July 4 is very special this time, four coincidences are being made; Rakshabandhan will have this effect

Sawan 2023: Sawan month is starting on the 4th of July. This year the month of Sawan will be spec

PM Modi: 'India has made its diversity the strength of its democracy', says PM Modi at the Commonwealth Speakers Conference.

Prime Minister Narendra Modi said that India has turned its diversity into a strength for democra

Rajasthan Girl Anju: Facebook, love, Pakistan, religion change and marriage... Anju's life changed in 6 days; house doors closed

Anju's life completely changed after she went to Pakistan from Bhiwadi in the Alwar district of R

Cannes 2025: Aishwarya Rai stole the show in a white Banarasi saree with vermilion, users called her the OG Queen of Cannes

Every year, fans eagerly wait for Aishwarya Rai Bachchan to appear on the red carpet of the Canne

'This is for all of us...', Salman Khan's brother-in-law said this regarding the firing at the 'Sikander' actor's house

Salman Khan has been receiving death threats for a long time. He has received threats several tim

Ayodhya Ram Mandir: 392 pillars, 44 doors, and 161 feet height...built in Nagara style; Know the special features of Ram temple

Preparations are being finalized for the consecration of Ram Lalla to be held in Ayodhya on 22 Ja