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.

 

Did you know?Explore Trending and Topic pages for more stories like this.

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

IPL 2023: Mumbai Police's taunt on Punjab Kings, shared Arshdeep's picture and gave a strong reply, knowing the whole matter

Mumbai Indians defeated Punjab Kings by six wickets in IPL 2023 on Wednesday. Mumbai achieved the

IND vs SA Playing 11: India will aim to clinch the T20 series; Bumrah to return; is Sanju Samson's inclusion confirmed?

The fifth and final match of the five-match T20 series between India and South Africa will be pla

'Don't let me catch sight of you...' Ajaz Khan fumes over a joke made about Amitabh Bachchan, issues a threat to Samay Raina.

Approximately 14 months after the controversy surrounding India’s Got Talent, Samay Raina h

Shah Rukh Khan: Shah Rukh groomed Rani's hair and held her pallu; fans said, 'There's only one heart, how many times will you win it...'

The 71st National Film Awards were held in the capital, Delhi, on Tuesday. Bollywood superstar Sh

PM Modi US Visit: PM Modi will be on a two-day US visit from February 12, and will meet President Trump

Prime Minister Narendra Modi will visit the US for two days from February 12. During this time he

Shilpa Shetty: Shilpa Shetty expressed her opinion on the Marathi language controversy, saying,- I am a girl from Maharashtra

Actress Shilpa Shetty recently participated in the promotional event of her upcoming film. Here s

Jammu Kashmir: MLAs clashed outside the assembly, a scuffle took place; huge uproar in the House over the Waqf law

There is a ruckus in the Jammu and Kashmir Assembly on the third day over the Waqf Act. National

India Vs Maldives Row: Objectionable remarks of Maldivian ministers on PM Indian trade organization enraged, said- invest in Lakshadweep

The Indian Chamber of Commerce (ICC) has taken a major step amid the controversy over objectionab

Project K Prabhas: 'Cheap Iron Man is looking', seeing the look of Prabhas, users got angry on social media

These days Telugu cinema superstar Prabhas is in a discussion about his upcoming film 'Project K'

Term Insurance vs Endowment Plan: Which Is Better for Your Family's Financial Security? Complete Comparison

Selecting the right life insurance policy is one of the most important financial decisions for ev

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