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

Seizure: 1,137 kg of banned raw sea cucumber seized, worth Rs 5.11 crore

About 1,137 kg of banned raw sea cucumber, estimated to be worth Rs 5.11 crore, dumped in the sea

Rain In Delhi-Ncr: Torrential rains in Delhi-NCR, only water on the roads, all schools closed in Noida-Greno

It is raining heavily in Delhi-NCR. Due to the rain, there has been waterlogging in many places.

Devendra Fadnavis's first interview after becoming CM, said- 'I had said that I will take revenge and...'

'Don't build a house on my shore after seeing my water receding, I am the ocean and will definite

Cyclone Biparjoy: After Gujarat, danger looms over Rajasthan, see which states are affected by Biparjoy

Cyclone Biparjoy, which arose from the south-central Arabian Sea on June 6, is moving towards Raj

IND vs SA: What is the record of South African players against India? Suryakumar-Kuldeep can trouble them.

The final match of the ICC T20 World Cup is to be played between India and South Africa on Saturd

India-US Relationship: America welcomed India's move to reduce duty on agricultural products, said this

The US has welcomed India's recent move to reduce tariffs on several American agricultural produc

Budget Session 2024: Ten days, eight meetings... What will be special in the interim budget of the Modi government? Read details here

Budget Session 2024: The budget session of Parliament is starting from today. The budget session

Israel-Hamas War: 27th day of Israel-Hamas war, President Joe Biden calls for humanitarian "pause"

Today is the 27th day of the ongoing war between Israel and Hamas. Till now thousands of people f

World Health Day 2023: Why celebrate World Health Day? Learn its history and this year's theme

World Health Day 2023: WHO (World Health Organization ie World Health Organization) celebrates Ap

America, Britain, France, and Italy... these countries came out openly in support of Israel; What will happen to Hamas now?

Israel has officially declared war after the attack by terrorist organization Hamas. After the ma

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