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

Rath Yatra 2023: Lakhs of devotees gathered in Puri Jagannath Dham, Ashwini Vaishnav arrived to pull the chariot

The world-famous Rath Yatra of Mahaprabhu is being celebrated with full enthusiasm in Jagannath D

Realme C53 Early Bird Sale: 1000 rupees discount will be available on cheap phones with 108MP camera and 5000mAh battery

The Realme C53 smartphone is going to be launched in India on 19th July. The company will also in

Budget 2024: The school education budget increased by 19.56 percent, the higher education budget increased by 8 percent, UGC also got 9 percent more allocation

Budget 2024: The budget of UGC has increased to Rs 19,024 crore compared to Rs 17,473 crore in th

Gujarat Demolition: Bulldozer fair in Ahmedabad; 2.5 lakh square meters of land is being cleared even today, 3000 policemen are also deployed

The second phase of the ongoing encroachment removal campaign in the Chandola area of ​​Ahmed

India Pakistan Match: FIR against Khalistani terrorist Gurpatwant Pannu, threatening case before India-Pakistan match

An FIR has been lodged against Gurpatwant Singh Pannu for threatening India vs. Pakistan in the I

Amitabh Bachchan: News of Big B's angioplasty turned out to be fake, Amitabh breaks silence on the rumor of being ill

On Friday, the news went viral rapidly, which worried the fans of Bollywood's Shahenshah Amitabh

Aryan Khan's Birthday: Today is the birthday of King Khan's elder son, Shahrukh became emotional at the time of Aryan's birth

Today is the 27th birthday of Bollywood King Khan's son Aryan Khan. Aryan Khan was born in Mumbai

Vikas Bharat Sankalp Yatra: PM Modi will talk to the beneficiaries today, Union Ministers-MPs will also participate

Prime Minister Narendra Modi will interact with the beneficiaries of 'Vikas Bharat Sankalp Yatra'

Rohit Sharma Retirement: Rohit Sharma is the batsman who scored the most runs in T20 International, these are his 5 memorable innings

With the victory in the T20 World Cup 2024, Indian captain Rohit Sharma said goodbye to this form

IPL 2025: 'I got one more chance..', the struggle of Karun Nair who scored 89 runs in 40 balls, you will get emotional after reading

Delhi Capitals may have lost the second match of the doubleheader played on Sunday in IPL 2025, b

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