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

RO/ARO Paper Leak: Why trust on private printing press despite having a government press? Candidates raised questions

The STF, which is investigating the paper leak case in the Review Officer (RO) / Assistant Review

The biggest AI summit begins in Delhi today, PM Modi says, 'The world will know our potential.'

The India AI Impact Summit is set to begin in India today. Prime Minister Narendra Modi will inau

PM Modi: Attacked after showing mock drill, Pakistan could not understand PM Modi's strategy this time too

On Tuesday night, Prime Minister Narendra Modi attended a news channel's conference. During this,

Badaun Case: The biggest question... Why were Ayush and Ahaan killed? No one can understand the reason for the murder

Baba Colony of Badaun city... On the terrace of the double-storey house of a rich family, two inn

CBSE 12th Results Out: CBSE 12th class results declared, 87.98 percent of children passed, girls again ahead

Central Board of Secondary Education (CBSE) has declared the result of class 12th. 87.98 percent

'Never thought I'd make it out alive...' Anurag Dobhal shares his first post from the hospital, describes himself as an 'orphan'.

An update has emerged regarding the health of YouTuber and Bigg Boss fame Anurag Dobhal. He has s

Pulwama Terror Attack: 'The sacrifice of the martyrs will always be remembered', PM Modi pays tribute to the soldiers on the 5th anniversary of the Pulwama attack

Today, five years since the terrorist attack that took place on 14 February 2019 in Pulwama, Srin

Bhool Bhulaiyaa 3 Star Cast Fees: Vidya Balan and Madhuri Dixit's fees are nothing compared to Kartik Aaryan's, you will be shocked to hear them

Bhool Bhulaiyaa 3 is all set to rock the theatres this Diwali. The film's star cast is busy promo

G20: 'Waiting to visit India', US President said about the G20 conference, but is disappointed by this

US President Joe Biden has said that he is looking forward to visiting India to attend the G20 su

Budget 2026: 'Reform, perform, and transform have become the hallmarks of this government,' PM Modi said ahead of the Economic Survey.

Prime Minister Modi, in his address before the Economic Survey, said that it is natural for the c

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