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

Anurag Dobhal's pregnant wife arrives at the hospital, provides health update, and makes this request to fans

Social media personality Anurag Dobhal is in the news after a car accident. He was involved in an

Constitution Day: 'Our Constitution is a living and progressive document', said the President in the joint session of Parliament

Today, on the occasion of Constitution Day, President Draupadi Murmu addressed the joint session

Mukhtar Ansari: How did Mukhtar Ansari die? Had given up food two days ago, the family had expressed this apprehension

Eastern mafia Mukhtar Ansari, who was lodged in Banda jail for about two and a half years, died o

Animal: Prabhas reacted to Ranbir Kapoor's teaser, pledged actor's praise

Ranbir Kapoor's film 'Animal' has been in the news since its announcement. The look of the actor

Rohit Sharma shared the picture for the first time after winning the T20 WC 2024 trophy, wrote- I am enjoying the dream coming true.

The Indian team captained by Rohit Sharma won the T20 World Cup 2024 title. In the final match of

IND vs SA: When India's last six wickets fell at zero, Ravi Shastri made a funny comment, no one could stop laughing.

In the first innings of the second Test against South Africa, the Indian team was all out for 153

Dinner with US President then Yoga in UN: When and what will PM Modi do on his US tour? know full schedule

Prime Minister Narendra Modi is going to visit America next week. His visit is considered very im

National Doctors Day 2023: With which theme National Doctors Day is being celebrated this time, know its history

National Doctors Day 2023: Like every year, National Doctor's Day is being celebrated across the

Lok Sabha Election 2024: Infighting in SP, situation worsens on Azam's seat; Akhilesh can play big gamble to convince

Talks between Azam Khan and Akhilesh Yadav seem to be deteriorating after Samajwadi Party nationa

Supreme Court: 'Rohingya children will be able to get admission in government schools', Supreme Court gave important instructions

The country's top court made a big comment on Friday. While hearing a PIL, the Supreme Court dire