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

'We made a profit of Rs 280 crore', now Pakistan Cricket Board makes a big claim after the embarrassment in Champions Trophy.

The Pakistan Cricket Board has claimed that it has made huge profits from hosting the Champions T

Jerusalem and Tel Aviv were shaken by the sound of explosions, Iran again attacked Israel after Trump's ceasefire announcement; 7 killed.

The Israeli army on Tuesday warned its citizens that missiles have been fired from Iran (Israel-I

UNGA: PM Modi can address the United Nations General Assembly again after three years, knowing the full program

Prime Minister Narendra Modi may address the high-level session of the United Nations General Ass

Shakib vs Mathews: Shakib said - this is a war, I will do anything to win, Mathews said - have never seen anyone stooping so low

There was a lot of chaos due to the decision to time out in the match between Bangladesh and Sri

UP Madrasa Act: UP Madrasa Act gets 'Supreme' recognition! High Court's decision overturned, Yogi government gets shock relief.

Is the UP Madrasa Act valid or illegal? The Supreme Court on Tuesday (November 5, 2024) gave a bi

'Ravan with Vibhishana...', why did this actor refuse to work in Ranbir Kapoor's Ramayana?

Ranbir Kapoor and Sai Pallavi's film 'Ramayana' is the most awaited film of 2026. Fans are very e

Congress: 'Until you change your stance...'; Muralidharan takes a dig at Tharoor's recent statement

Senior Congress leader K. Muralidharan on Sunday once again targeted his party leader Shashi Thar

Thalaivar 171: Shirt open, four gold watches in his hands, stylish Rajinikanth in the look of 'Thalaivar 171'

Thalaivar 171 First Poster: Filmmaker Lokesh Kanagaraj, who has given blockbuster films like Mast

Bangladeshi protesters do not value independence! Statues related to Pakistan's surrender were vandalized; Tharoor said - they were not worthy of forgiveness

Even after the political upheaval and coup in Bangladesh, violent protests in the country have no

NTA again denies NEET UG 2024 paper leak, explains why results were declared 10 days ago, FAQs released

After the announcement of the results of the medical entrance exam NEET UG 2024 on June 4, questi

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