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

Plane Crash in Baramati: Flight attendant Pinky Mali had gotten married four years ago and had come to her village two and a half months ago.

Maharashtra Deputy Chief Minister Ajit Pawar has died in a plane crash in Baramati, Pune district

PM Modi made a record: Leaving behind Indira, he became the second leader to remain Prime Minister continuously for the longest time.

On 25 July, today, Narendra Modi became the second-longest-serving Prime Minister of the country.

Pathaan Vs Tiger: Shahrukh-Salman's action sequence is a frame-to-frame copy! Stolen from this superstar's series

The audience's desire to see Salman Khan and Shah Rukh Khan together on screen was fulfilled by t

Nithari Case: The accused of Nithari Kand were acquitted, even today people shudder after hearing the horrifying stories of cruelty to children.

In the year 2006, when human skeletons started emerging from a drain in Nithari, Noida, Uttar Pra

Neeraj Chopra: Diamond League Neeraj Chopra finished second in the Zurich Diamond League, Sreeshankar fifth in the long jump

India's star javelin thrower Neeraj Chopra finished second in the Zurich Diamond League. He quali

Shahrukh-Gauri Anniversary: Shahrukh was able to rule the box office because of Gauri, this connection is with her husband's films

Shahrukh-Gauri Wedding Anniversary: It is said, 'If you love something deeply, the whole universe

Ladakh Protest: Opposition targets central government over Ladakh violence, Kejriwal says BJP is intoxicated with power

The situation in Ladakh remains tense following the violence in Leh on September 24th. The people

Sharad Pawar's pomegranate-like meeting with PM Modi has created a stir in the political corridors; many meanings are being drawn.

Veteran Maharashtra leader Sharad Pawar met the Prime Minister in Delhi on Wednesday along with t

The Railway Men: Result of 10 years of penance of Shiva, said, my Guru Aditya Chopra will never make anything light

Netflix and YRF Entertainment's series 'The Railway Men' is going to be released shortly from now

Kiara Advani is heartbroken by the death of her father-in-law. The actress shared an emotional post.

Bollywood actor Sidharth Malhotra's father, Sunil Malhotra, passed away on February 14th. His fun

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