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

The Goat Life: The Goat Life roars at the box office, and becomes the fastest Malayalam film to earn Rs 100 crore globally

South actor Prithviraj Sukumaran's recently released film 'Aadujeevitam - The Goat Life' is being

Did Tanya Mittal perform black magic on this contestant? The evicted contestant claims, "She took my photo..."

Tanya Mittal, who made headlines in the controversial reality show Bigg Boss Season 19, has been

Women's T20 WC: The Indian women's team will start its campaign against New Zealand, know the possible playing-11

The Women's T20 World Cup is starting from Thursday, but the Harmanpreet Kaur-led Indian team wil

'His place is in Tihar jail', CM Saini attacked Kejriwal; called him a black spot for Haryana.

Haryana Chief Minister Nayab Singh Saini on Sunday fiercely targeted former Delhi Chief Minister

Manipur Violence: Violence flares up again in Manipur, 2 soldiers were martyred in an encounter with militants in Moreh; six injured

Once again the fire of violence is blazing in Manipur. Two commandos of Manipur Police have been

India-Canada Row: Canadian opposition leader said - that relations with India are important, and I will improve relations if I become PM.

The dispute continues between Canada and India. Meanwhile, the head of Canada's Conservative Part

When Vinesh Phogat created history, Kangana Ranaut congratulated her in a different style and praised the work of the Modi government

India's female wrestler Vinesh Phogat has made it to the finals of the Paris Olympics 2024. Vines

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

Border 2 Collection: Sunny Deol's film raced ahead at bullet train speed, doing business worth crores of rupees even before its release.

The release of 'Border 2', one of the most anticipated films of 2026, is just two days away. This

Annapoorani: Protest against 'Annapurani' due to controversial dialogue, producers issued a statement

An allegation has been filed against the makers of South actress Nayanthara's film 'Annapurnani'

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