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

Several courts across the country received bomb threats; panic spread in courts from Bihar and Madhya Pradesh-Chhattisgarh to Himachal Pradesh and Punjab.

Several district courts across India received bomb threats via email on Thursday. ​​This incl

Janmashtami 2024: CM Yogi will inaugurate the grand festival, and Brijbhoomi will get the gift of projects worth Rs 583 crore

Preparations for the 5251st Sri Krishna Janmashtami are in full swing in the pilgrimage town of M

'By 2041, Muslims will equal the population of Hindus', Assam CM's shocking claim.

Pointing out the magnitude of demographic change in Assam, Chief Minister Himanta Biswa Sarma cla

Delhi Election Results: This result will change the politics of Delhi, which party got how many percent votes this time

By winning more than 54 percent votes in Delhi, the BJP has once again proved that it has a stron

Indiana Jones 5 Review: 'Indy' Gets a grand farewell, Ford's innings end in 'Indiana Jones' Franchise

With the action-adventure film Indiana Jones and the Dial of Destiny, the franchise's popular cha

Kalki 2898 AD: 'Kalki 2898 AD' earned crores of rupees even before its release, distribution deal was done for a huge amount

With each passing day, superstar Prabhas' film 'Kalki 2898 AD' is getting closer to the threshold

PM Modi Dehradun Visit: Disaster-affected people of Dharali became emotional after meeting the Prime Minister, narrating the painful story of the devastation

During the visit of Prime Minister Narendra Modi to Uttarakhand, the disaster-affected villagers

Mahavatar Narsimha: Now 'Mahavatar Narsimha' is coming to roar on OTT, Know when and where you can watch the film

After a strong theatrical run, the animated film "Mahavatar Narsimha" is now ready for an OTT rel

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

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