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

1 Like 0 Dislike
Previous news Next news
Other news

Tiger 3: Salman Khan had to sweat while doing this scene of Tiger 3, said - it was filmed without planning

The countdown for the release date of Salman Khan and Katrina Kaif starrer film 'Tiger 3' has sta

Bhool Bhulaiyaa 3 OTT release: When and where will 'Bhool Bhulaiyaa 3' release on OTT? Know the date and platform here.

Kartik Aaryan starrer's most awaited film 'Bhool Bhulaiyaa 3' is the third installment of this ho

A 50% tariff will be imposed on India. America issued a notification; it will be implemented from tomorrow

The US has announced plans to impose a 50 per cent tariff on goods imported from India. This is t

If Team India does not play, will the Asia Cup 2025 be cancelled? PCB fears loss of crores

The Asia Cup 2025 to be held in the month of September is in danger. Reports have emerged that th

Suhana Khan: Suhana Khan will now do farming along with acting! Bought land worth so many crores in Alibaug

Shah Rukh Khan's darling Suhana Khan remains in the news a lot. She keeps sharing her pictures an

Israel-Hamas War: Israel will not fire ammunition on Gaza for two months, proposal put forward to Hamas terrorists

Israel has once again moved forward on a ceasefire proposal in the Israel-Hamas war that started

Tanya abuses, Neelam threatens; why did the entire house turn against Abhishek and Ashnoor on 'Bigg Boss 19'?

TV's most popular reality show, "Bigg Boss 19," is becoming more interesting with each episode. W

IND vs SA Final Pitch Report: Who will get help at Kensington Oval, bowler or batsman? Know the pitch report

The final match of the T20 World Cup 2024 will be played between South Africa and India. The matc

AUS vs PAK: Australia will face Pakistan today in the World Cup, the journey ahead will be difficult for the losing team.

The Australian cricket team is known for its alertness and Pakistan for its aggressive approach.

Why will shopkeepers on the Kanwar route have to put a QR code? Supreme Court seeks answer from UP-Uttarakhand government

After the holy month of Sawan has started, the Kanwar Yatra is going on all over the country. Lak

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash