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

'Dogesh bhai! You go ahead...', Raveena Tandon welcomed SC's decision on stray dogs; she made this demand with advice

The Supreme Court on Friday gave its verdict on the stray dogs case. The apex court said that dog

Bihar: Fourlane bridge under construction on river Ganges collapses again, 2 guards missing; was being built for 1700 crores

The under-construction four-lane bridge over the Sultanganj-Aguwani Ganga river in Bhagalpur, Bih

PM Narendra Modi France Visit: PM Modi got the highest honor of France, and created history by becoming the first Indian

French President Emmanuel Macron awarded the Grand Cross of the Legion of Honor to PM Narendra Mo

BCCI May Modify Central Contracts for Jasprit Bumrah; The Matter Involves ₹2 Crore.

The Board of Control for Cricket in India (BCCI) has decided to discontinue the 'A+' category in

INDIA Alliance: 'Mamata Banerjee should be made the face of the alliance', TMC spokesperson advised Congress

Ahead of the India Alliance meeting, Trinamool Congress (TMC) has advised the Congress to give up

IND vs ENG Weather: Who will benefit if it rains during the India-England match? Know what the weather and pitch report says

India is set to take on England in the semi-finals. Both teams will once again face each other in

Lok Sabha Election: These are the proponents of PM Modi, Ganeshwar Shastri, who determined the auspicious time of Ram temple, is also included.

The final seal on the names of Prime Minister Narendra Modi's proponents has 

Vivo Launches New Smartphone With Massive 7,200mAh Battery, 144Hz Display and Snapdragon Chipset

Chinese smartphone maker Vivo has officially launched its latest mid-range premium smartphone lin

IPL 2023: Dhoni remembers Kharagpur railway station in Eden, seeing the crowd of fans say – have come to give me Farewell

Mahendra Singh Dhoni has indicated his retirement from IPL. He said after the match against Sunri

HarmanpreetKaur Cricketer: Harman Preet's action was heavy, Indian captain may be banned for two matches

Indian women's cricket team captain Harmanpreet Kaur may be ruled out of the first two matches of

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