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

Amritpal Singh: Amritpal spewed poison in the name of the community, and said- If he had the intention, he could have arrested me from home, but...

Chief of Waris Punjab De and Khalistan supporter Amritpal Singh has not yet come to the hands of

On the day of daughter's wedding, mother-in-law and son-in-law reached the police station, woman said- we will stay together, made such revelations about her husband

Sapna's daughter's marriage was fixed with Rahul, whose marriage procession was to come on 16th A

Maha Kumbh: Railway's special preparations for pilgrims; Know everything from the war room to operation of 13000 trains

The world's largest religious-cultural gathering Maha Kumbh 2025 has started in Prayagraj from Mo

Now I should speak Hindi... Actress Kajol's statement creates a ruckus, links to Marathi language controversy.

Popular 90s actress Kajol is known for her outspoken style. Recently, she celebrated her 51st bir

After Bengal, 'Remal' wreaked havoc in the northeastern states, many people died due to mine collapse; Road washed away in Assam

Dangerous cyclonic storm Remal reached West Bengal and Bangladesh on Sunday night with a speed of

Smriti Irani took a U-turn from politics to acting, on her comeback after 25 years, she said - 'part time actress'

Cult TV serial Kyunki Saas Bhi Kabhi Bahu Thi is all set to make a comeback on TV. Actress Smriti

Devraj Patel: Death of Chhattisgarh's famous YouTuber Devraj Patel with 'Dil Se Bura Lagta Hai Bhai', died in a road accident

Chhattisgarh's famous comedy YouTuber Devraj Patel has died in a road accident. According to info

Lok Sabha Election Result 2024: 'If you see anything wrong then...' Congress issued helpline numbers for workers, Kharge said this big thing

Only a few hours are left for the counting of votes for the Lok Sabha elections in 2024. The coun

BPSC Exam: Amidst protests, the exam will be held again today under tight security, static and zonal magistrates will keep an eye

Amidst the strong demand for complete cancellation of the integrated 70th Combined Preliminary Co

Maharashtra CM Face: Who will be the CM face of Maharashtra? Different claims among the constituent parties of Mahayuti and MVA

The question remains as to who will be the CM face in Mahayuti and Maha Vikas Aghadi in Maharasht