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

On Deepika Padukone's demand for 8 hours shift after she was out of 'Spirit', Ram Gopal Varma said- 'Right to refuse...'

In the glamorous film industry, stars do not have any fixed time for shooting. Some have to shoot

Bangladesh hatched a nefarious conspiracy regarding the Durga Puja festival, and the Hindu community got a big shock

After the fall of the Sheikh Hasina government, relations between Bangladesh and India have conti

Israel Hamas War: 'Hamas is not a terrorist organization', Palestine's ambassador to India said - they are all freedom fighters

Palestinian Ambassador to India Adnan Abu al-Haija on Thursday launched a strong attack against I

Rumored girlfriend Sara Tendulkar was seen with Shubman Gill, the user said- 'Rumors are true'

Indian cricketer Shubman Gill makes a lot of headlines in his game as well as his game. Many time

Scuffle between MPs: Pratap Sarangi and Mukesh Rajput were discharged from the hospital; and were injured on Parliament House premises.

BJP MPs Pratap Sarangi and Mukesh Rajput, who were injured in the scuffle between MPs in the Parl

Project K Prabhas: 'Cheap Iron Man is looking', seeing the look of Prabhas, users got angry on social media

These days Telugu cinema superstar Prabhas is in a discussion about his upcoming film 'Project K'

George Soros Row: BJP said- Congress is an anti-national force...; Opposition party's retort- Government has put relations at stake

Intensifying its attack on the Congress, the BJP on Monday accused Congress leaders of colluding

Maharashtra: After a rift in NCP, Congress stakes claim on the post of Leader of Opposition, calls a meeting for discussion

The Congress has staked its claim on the post of Leader of the Opposition following the rift in t

PM Modi Karnataka Visit: 'Udupi has been the work place of the Jan Sangh and BJP's good governance model,' PM Modi said in Karnataka

Prime Minister Narendra Modi has arrived in Karnataka on his one-day visit. Jagadguru Sri Sri Sug

Tahawwur Rana Extradited: What will happen to Tahawwur Rana in India, where will he be kept; What are the government's preparations, know.

Tahawwur Rana, who plotted the 2008 terror attacks on India's financial capital Mumbai, can reach