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.

 

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

Other news

Covid-19: Covid-19 is increasing in Karnataka, 42 new cases were registered, and an infected elderly person died

The second death from Covid-19 has been reported in Karnataka. According to a senior health depar

SRH vs RR: If this batsman is made the captain then luck can shine, choose your team wisely

The 50th match of IPL 2024 will be played between Sunrisers Hyderabad and Rajasthan Royals.&

Ranveer Singh: Update on Ranveer Singh's fake video case, notice issued to the accused, police action intensified

Ranveer Singh came into limelight recently due to one of his viral videos. In the clip, the actor

Waqf Fraud Case: ED registers case in Waqf fraud case, raids nine places in Gujarat

The Enforcement Directorate on Tuesday raided several places in Gujarat. The raids were conducted

Eng vs Aus: Steve Smith's 12th century in Ashes, now only behind Bradman; In this case ahead of Ponting and Sachin

Australia's Steve Smith has once again shown why he is regarded as one of the best batsmen of the

India-US Relations: 'PM Modi does not deal over the phone', claims Indian diplomat on Trump not answering the phone

The report of the German newspaper Frankfurter Allgemeine has created a stir in the US-India rela

Weather Update: Now there will be severe cold, and there will be heavy rain in these states, how will be the weather of the country today?

Today's Weather Update. The severity of winter is going to increase in North India. At the same t

Naveen-ul-Haq: Who is 'Naveen' because of whom Kohli and Gambhir fought, how to reach IPL from Afghanistan

Naveen-ul-Haq continues to be in the news after the match between Royal Challengers Bangalore and

Team India: Rohit, Virat, and Pujara have been able to score four centuries in two years; Major changes are needed in the Indian Test team!

India's second straight defeat in the final of the World Test Championship has left the Shivsund

IND vs NZ: Bumrah and Hardik may be rested for the ODI series against New Zealand; is the busy schedule the reason?

India may rest fast bowler Jasprit Bumrah and experienced all-rounder Hardik Pandya for the three