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

Covishield: Covishield can cause blood clots; Vaccine maker AstraZeneca admitted side effects

Vaccine maker AstraZeneca has admitted for the first time in a British court that its COVID-19 va

Salaar: Prabhas starrer 'Salaar' dominates the box office, earned Rs 150 crore in Hindi alone

Leaving behind 'KGF 1', 'Bahubali 1' and 'Pushpa 1', Hombale Films' film 'Salaar', directed by Pr

'We are proud of you...' This special person had advised Dhanashree Verma to separate from Yuzvendra Chahal

Cricketer Yuzvendra Chahal and Dhanashree Verma's divorce was once one of the most talked-about t

Virat Kohli Test Retirement: Kohli retired from Test cricket, posted information on Instagram

Indian cricket has suffered two major setbacks within a week. After Rohit Sharma, Virat Kohli has

Ind vs Eng 5th Test: Ashwin-Johnny will score special 'centuries' in Dharamshala, history will be repeated after 11 years in Test cricket

The last Test of the ongoing five-match Test series between India and England (Ind vs Eng 5th Tes

IND vs SA: Arshdeep's magic was seen in the last ODI of the year for India, joined Lee's club, and lagged in profit

India defeated South Africa in the third ODI and won the series 2-1. This was India's second bila

Delhi Capitals : Delhi Capitals will be in bad condition without Rishabh Pant, David Warner will not be able to get a playoff ticket

Even before the start of the 16th season of the Indian Premier League (IPL 2023), the Delhi Capit

Ajmer Dargah case: 'The direction of the Places of Worship Act will be decided by the Centre's stand', the committee demanded the dismissal of the case.

In the context of the increasing cases of temple-mosque disputes in different parts of the countr

IPL 2024: 'Hardik is not just MI, he is also an Indian player', Virat made this appeal to Mumbai fans.

Mumbai Indians achieved their second win on their home ground on Thursday in IPL 2024. They defea

NZ vs PAK: Corona knocked in New Zealand camp, star batsman out of fourth T20; Bowling coach also turned out to be Covid-positive

The problems of the New Zealand team are not showing any signs of ending. After Kane Williamson w