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

Stranger Things 5: A massive war will break out on OTT platforms. Will Stranger Things 5 ​​stream in India in a few hours?

Season 5 of Stranger Things is set to release on an OTT platform soon. This most-awaited Hollywoo

Partho Ghosh Death: Legendary filmmaker Partho Ghosh passes away, actress Rituparna Sengupta confirms

Hindi cinema has lost one of its best and most powerful storytellers. Director Partho Ghosh, who

Sheikh Hasina: Former Bangladesh PM Sheikh Hasina sentenced to death, International Crimes Tribunal's major decision.

A Bangladesh court delivered its verdict today against former Prime Minister Sheikh Hasina. The t

Israel again wreaks havoc in Lebanon; 105 killed in air strike, seventh Hezbollah commander killed in a week.

Even after the death of Hezbollah Chief Sayyed Hassan Nasrallah, Israel's havoc in Lebanon is not

Himachal Rain Alert: No relief expected soon in Himachal Pradesh, warning of heavy rain even today; Yellow alert in 8 districts

Nature's havoc continues in Himachal Pradesh. Incidents of landslides and cloudbursts are being r

‘RCB has won the IPL…' Former star cricketer made a prediction; There was a stir in the cricket world.

Former South African fast bowler Dale Steyn has made a big and shocking prediction regarding IPL

Cyclone Montha: Red alert issued in Odisha and Andhra Pradesh, cold intensifies in Delhi and Uttar Pradesh; these states will experience torrential rain.

The impact of Cyclone Montha is being felt along the coastal areas of Tamil Nadu, Andhra Pradesh,

Arvind Kejriwal: Will Kejriwal get relief or not? Delhi High Court will give its verdict today on the petition challenging the arrest.

The Delhi High Court will pronounce its verdict this afternoon on Chief Minister Arvind Kejriwal'

IND vs SA Playing-11: India and South. Second T20 between Africa today, will Gill-Ruturaj open or Yashasvi get a chance?

India has not lost any series to South Africa in T20 in the last five years. The first match of t

Allu Arjun: Hyderabad police summons Allu Arjun; Congress leader files complaint over 'Pushpa 2' scene

Hyderabad Police has summoned 'Pushpa 2' actor Allu Arjun for questioning in the theater stampede

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