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

LPG prices reduced again, after the kitchen, and now commercial gas cylinder prices cut; Know what is the latest rate

Commercial Cylinder Updated Price: Last month on August 30, 2023, the price of the domestic gas c

Weather: There is a possibility of heavy rain in these districts of UP, do not talk on mobile if lightning strikes; an Orange alert issued

The weather has turned pleasant in Bareilly due to light rain on Friday evening. Along with this,

This Bigg Boss 19 contestant's winner prediction sparked a debate on social media; users reacted sarcastically.

Currently, there are nine contestants remaining on Bigg Boss 19. The reality show's finale will b

Who is Urjit Patel? He had resigned from the post of RBI Governor; now, he will take up responsibility at the IMF

The Central Government has approved the appointment of former Reserve Bank of India Governor Urji

Gaurav Gandhi: The one who treated the heart suffered a heart attack, Jamnagar's famous cardiologist died of a heart attack

A very shocking case has come to light from Jamnagar in Gujarat. Gaurav Gandhi, a famous doctor w

CSK vs GT: Will Kane Williamson be out of IPL 2023? Captain Hardik Pandya gave a big update on the injury

In the first match of the 16th season of the Indian Premier League (IPL 2023), Gujarat Titans def

Heatwave Alert in India: Heat will torment more, IMD issues a red alert in these states; Will the temperature cross 50?

Heatwave Alert In India: Given the scorching heat in the country, the India Meteorological D

Godzilla X Kong The New Empire Review: The magical wonders of Godzilla and Kong, the earth is shaking...

There would hardly be any viewer fond of foreign films who has not seen even a single film made o

Dharmendra Deol: 'Unforgivable...' After Esha, Hema narrates Dharmendra's health, lashes out at media.

Veteran actor Dharmendra is admitted to Breach Candy Hospital in Mumbai. Numerous reports have be

Maha Kumbh 2025: Dip of faith, flood of devotees... Devotees gathered in Maha Kumbh, and amazing pictures from the Sangam coast

The divine and grand Maha Kumbh Mela has begun in the Sangam city of UP. The Maha Kumbh, which wi