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

China - Taiwan: 'Strict action will be taken if Taiwan is attacked', Britain warns China amid tensions

Britain has warned China about any kind of attack on Taiwan on 25 April. Britain said that if Chi

After commenting on Premananda Maharaj, the successor of Jagadguru Rambhadracharya gave clarification, saying a big thing

After an interview with Tulsi Peethadheeswar Jagadguru Swami Rambhadracharya, his successor Achar

Will a Third Installment of 'Dhurandhar' Be Released? Producer Jyoti Deshpande Drops a Hint; A Special Surprise Awaits at Year-End.

Director Aditya Dhar’s films, Dhurandhar and Dhurandhar: The Revenge, have raked in massive

New Year 2026 Celebration: Traffic changes expected today in Noida Sector-18 and surrounding areas; the traffic police have issue an advisory.

A large number of people are expected to head to restaurants, bars, and markets from Wednesday ev

Mahua Moitra: Cash for Query Case 'Read my answer before inquiries', TMC MP Mahua Moitra issued a letter of two pages

Mahua Moitra, who was surrounded by allegations of asking questions in Parliament by taking money

World Cup: 'Committed to winning the World Cup for the fans', Virat Kohli and Ravindra Jadeja told the team's goal

Veteran batsman Virat Kohli has said that he and his teammates are ready to give their best perfo

NCERT issues public apology for 'Judicial Corruption' chapter, withdraws book from market

NCERT issued a public apology on Tuesday. This apology was for a book that recently drew the ire

Kunal Kamra Row: 'Kunal Kamra's life should be made into a comedy', BJP MLA gets angry at a stand-up comedian

Comedian Kunal Kamra, who is in trouble for making indirect comments on Maharashtra DCM Eknath Sh

Vijay Hazare Trophy: 15 fours and 8 sixes... Dhruv Jurel smashes his first List A century.

Indian wicketkeeper-batsman Dhruv Jurel has scored his first List A century. In the third-round m

Women Reservation Bill approved in Lok Sabha, 454 votes were cast in support; These two MPs voted in protest

Women Reservation Bill. The bill for 33 percent reservation for women in the Lok Sabha and Assemb

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