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

Mumbai Rainfall Alert: Warning of heavy rain in many districts of Maharashtra including Mumbai, schools will remain closed

Maharashtra Chief Minister Eknath Shinde has declared holidays for schools given the rain alert b

PM Modi: India-Ethiopia relations have become stronger, and the two countries are now strategic partners; eight agreements have been signed.

The historic relationship between India and Ethiopia reached new heights on Tuesday. Following ex

Bangladesh Crisis: How long will Sheikh Hasina stay in India? Talks with the interim government of Bangladesh are progressing slowly

India's policy regarding the new situation in Bangladesh is slowly taking shape. Under this, cont

Aravalli Controversy: Controversy erupts over the 'wrong definition' of the Aravalli range; Congress asks: For whose benefit is the government being so stubborn?

Protests continue in Rajasthan, Haryana, Gujarat, and the national capital, Delhi, over the Arava

Roadways became rich due to Maha Kumbh: Year's income was made in 45 days, and 29 lakh passengers traveled

The number of passengers who traveled by the buses of Roadways Varanasi region in the last year w

A new era in the BJP: Nitin Naveen files nomination for the post of National President, set to be elected unopposed.

Bihar's young leader and former minister, Nitin Navin, has filed his nomination for the post of B

Who is Shikhar Dhawan's foreign bride? When and where will their wedding functions take place? know all details:

Shikhar Dhawan, who has captivated everyone with his presence in cricket, Bollywood, and the host

Pahalgam Terror Attack: 'India should take revenge from Pakistan like Israel'; Former Pentagon official said - there is no way now

There is anger not only in India but in the whole world regarding the terrorist attack in Pahalga

Lawrence Bishnoi: 'Any policeman who encounters Lawrence Bishnoi will be punished...', Karni Sena openly declares

The name of jailed gangster Lawrence Bishnoi is constantly in the headlines. He has been in the n

EPFO Launches 6-Month Amnesty Scheme: Check Eligibility, Benefits and How to Apply

The Employees' Provident Fund Organisation (EPFO) has introduced the Amnesty Scheme 2026, offerin

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