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

'Terrorists are Muslims...', Aamir Khan gave a big statement on the Pahalgam attack, and told the reason for his silence.

On 22 April 2025, there was a terrorist attack in Pahalgam in which about 26 people were killed.

Main Atal Hoon Box Office Collection: How was the condition of 'Main Atal Hoon' on the opening day, did it fail or pass in earnings?

Main Atal Hoon Box Office Collection Day 1: The biopic film 'Main Atal Hoon' of the country's mos

Donald Trump: After the Paris Agreement, America also leaves the World Health Organization; Trump's big decision after the oath

President Donald Trump signed the order to withdraw the US from the World Health Organization jus

Mumbai Hostage: Rohit Arya, who held 17 children hostage in a studio, dies after being shot in police retaliation.

Every day, the reality show Bigg Boss 19 sees a new drama unfold. Sometimes it's a fight over hou

'A mosque should not be built in Babur's name,' Jagadguru Rambhadracharya expressed his opposition and also commented on Mamata Banerjee.

The seven-day Kalki Mahotsav concluded on Sunday. During the closing ceremony, Jagadguru Rambhadr

Sam Pitroda Controversy: '...the more shoes you hit, the less you hit', Digvijay Singh's brother Laxman angry over Sam Pitroda's statement

Congress leader Digvijay Singh's brother and former MLA Laxman Singh has jumped into the controve

IPL 2024: 'He has proved' Bhajji praised Hardik Pandya, told what are his qualities

Former Mumbai Indians spinner Harbhajan Singh has praised the leadership abilities of all-rounder

Gurugram received 160 mm of rain in 24 hours, and people were stuck in traffic jams on the roads even after midnight

From Monday afternoon to Tuesday morning, 160 mm of rainfall was recorded in Gurugram. Due to so

Deadly Cough Syrup: A Special investigation team will go to Tamil Nadu to find the truth about the drug company, 16 children died; Constantly increasing data

SIT will now investigate the case of the death of 16 children by drinking cough syrup 'cold' in M

Salman Khan: Salman will be seen in a podcast with his nephew Arhaan, and will give many lessons about life

Salman Khan has shared a video related to his nephew Arhaan Khan's podcast Dumb Biryani on his In