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

1 Like 0 Dislike
Previous news Next news
Other news

Great news for India, crude oil reserves found in the Andaman Sea! Dependence on other countries will end.

Union Petroleum Minister Hardeep Singh Puri has said that a large reserve of crude oil and gas ha

India's Got Latent: Neither Ranveer nor Apoorva nor time, no one reached to record the statement, Women's Commission issued a new date.

The Women's Commission had summoned Ranveer Allahabadia, Samay Raina, and Apoorva Makhija, along

Dhanashree: Is there still a place for Chahal in Dhanashree's heart? Deleted photo of Re-store, fans said- Dil Jalta Hai…

For a long time, there have been rumors of the separation of choreographer and social media perso

Ghibli Trend: OpenAI changed the rules for Ghibli-style photos, now real-world images cannot be used

These days, Ghibli-style pictures are being seen in abundance on social media. It can be said tha

Weather Update: Delhi shivered due to severe cold, and traffic was affected from ground to sky; Impact on 22 trains and 134 flights

Due to the cold winds coming from the mountains, the cold has increased in the plains. There was

Waqf Bill: Maulana Arshad Madani upset with PM's comment; Appeal to Nitish-Naidu to stop the Waqf Amendment Bill from being passed.

Jamiat-Ulema-e-Hind president Maulana Arshad Madani on Sunday criticized Prime Minister Narendra

Will CAA be banned? The hearing will be held in the Supreme Court today, more than 200 petitions filed in protest

Citizenship Amendment Act: The petitions filed against the Citizenship Amendment Act will be hear

Pamela Chopra and Yash Chopra's first meeting was very interesting, director was persuading Hema Malini for the film

Pamela Chopra Death: Pamela Chopra died in Mumbai on 20 April. She was the wife of the late produ

Brij Bhushan Singh: 25 people testified against Brij Bhushan Singh, with only photo as evidence, no video found

25 people have testified against former Wrestling Federation of India (WFI) president and BJP MP

Revanna Case: Prajjwal's lawyer said- please do not do a media trial, he came to India for investigation; SIT notice to mother

MP Prajjwal Revanna, accused in the  harassment case, has finally been arrested. The lawyer

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