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

'This is death Kumbh', after Lalu Yadav, Mamata Banerjee's harsh words on Maha Kumbh, know what she said.

West Bengal CM Mamata Banerjee has given a controversial statement on Mahakumbh 2025. She said, "

Alle Eyes On Rafah: 'Where were you on October 7', Israel got angry at the trend of All Eyes on Rafah; reminded of that day

All Eyes on Rafah Amidst the Israel-Hamas war, the eyes of the world are fixed on Rafah. Thousand

Wrestlers Protest: Will the movement of wrestlers end soon? The central government took this step

The government has once again invited the wrestlers agitating against former Wrestling Federation

Narendra Modi: PM Modi held a high level meeting regarding Himachal Pradesh disaster, Shah was also present; Nadda will visit the state tomorrow

PM Modi meeting on Himachal disaster There has been an outcry in Himachal Pradesh due to heavy ra

IND vs ENG: There has been tough competition between India and England in the T20, The English team is ahead in terms of winning percentage

The five-match T20 series between India and England is scheduled to begin from January 22. Before

Most Searched Athletes: Not Rohit-Virat, but this Indian made it to the top-10; Messi-Ronaldo out of the list

Search engine giant Google has revealed its list of the most searched athletes globally in the ye

Narendra Modi: Farmers, common man, and middle class will get direct benefit from the changes in GST: PM Modi

The central government has taken a big decision on GST rates while taking forward the economic re

Bangladesh Unrest: ‘India cannot intervene, but it can offer advice’; Shashi Tharoor's blunt statement on the violence in Bangladesh.

Congress MP Shashi Tharoor has made important remarks on the lynching of a Hindu youth in Banglad

PM Modi: Prime Minister Modi will visit three states and will release 21 thousand crores of Kisan Samman Nidhi tomorrow

Prime Minister Narendra Modi will visit Vikram Sarabhai Space Center (VSSC) in Thiruvananthapuram

Manobala Passes Away: Tamil industry's famous actor Manobala passes away, Rajinikanth pays tribute

Manobala Passes Away: Big news is coming out from the Tamil industry. Renowned actor and director

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