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

Evlish Yadav: 'Bigg Boss OTT 2' winner Elvish Yadav broke his silence about his girlfriend, made a big disclosure on his love life

YouTuber Elvish Yadav is in the limelight after winning the trophy of 'Bigg Boss OTT 2'. Their de

SSC CGL Notification 2023: CGL exam notification released, 7500 vacancies, apply till May 3

The notification for the Combined Graduate Level Exam 2023 has been issued by the Staff Selection

AAP claims: Kejriwal's weight has decreased by 4.5 kg since his arrest, and doctors expressed concern; The jail administration said this

The health of Arvind Kejriwal, lodged in Tihar Jail, is not good. It is being told from Aam Aadmi

World Cup: There will be strict security arrangements in the inaugural match of World Cup 2023, 3,500 policemen will be deployed.

The opening match of the World Cup 2023 will be played between defending champions England and Ne

Lok Sabha Election 2024: PM Modi angry at INDIA Alliance, told who is his successor

For the past several days, there was a debate going on about the successor of Prime Min

Jawan Collection Day 23: Shahrukh Khan's pace slowed down, lost even in earning Rs 10 crores

Jawan Collection Day 23: Shahrukh Khan's film 'Jawaan' continues to dominate the box office. The

Made In Heaven Season 2: Mona Singh's entry in 'Made in Heaven Season 2', the series will be released on OTT on this day

The first season of the popular web series 'Made in Heaven' premiered in 2019. The audience liked

Kuwait Fire Tragedy: Tamil Nadu government will give compensation to the victims; Help extended from abroad to Indian victims

Tamil Nadu Chief Minister MK Stalin expressed his condolences to the seven Tamil people killed in

PBKS vs SRH Dream 11 Prediction: These 11 players can make you rich, you can make this player the captain of your team

The 23rd match of IPL 2024 will be played between Punjab Kings and Sunrisers Hyderabad on Tuesday

PM Modi: 'We don't do politics of poison, these people are openly speaking the language of urban Naxals', PM Modi lashed out at Congress

Prime Minister Narendra Modi is responding to the discussion on the President's address in the Lo