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

PM Modi: India-Ethiopia relations have become stronger, and the two countries are now strategic partners; eight agreements have been signed.

The historic relationship between India and Ethiopia reached new heights on Tuesday. Following ex

India's Got Latent Row: Ranveer Allahabadia disappeared after switching off his phone, and police are unable to find him; Time given to Raina till 10th March

In comedian Samay Raina's YouTube show 'India's Got Latent', Ranveer Allahabadia made objectionab

Team India Head Coach: Former Australian player told a lie? Jay Shah made everything clear, and said - Neither I nor BCCI ever...

BCCI Secretary Jay Shah has confirmed that BCCI has not approached any Australian cricketer 

Delhi Bomb Threat: Many hospitals in Delhi received bomb threats, and OPD patients were taken out for investigation.

Hospitals in the capital Delhi have received a bomb threat through mail for the se

Shivraj Patil Demise: Former Home Minister Shivraj Patil passed away, breathed his last in Latur at the age of 90.

Senior Congress leader and former Union Home Minister Shivraj Patil breathed his last this mornin

Sheikh Hasina: Whether to return Sheikh Hasina or not... India should decide, Bangladesh's Yunus government's statement causes panic

Sheikh Hasina, who left the country and the post of Prime Minister on August 5, is currently in I

President's Manipur Visit: President Droupadi Murmu's first visit to Manipur, a ceremony held to honor the struggles of women.

Indian President Droupadi Murmu will begin a two-day visit to Manipur on Thursday. During her vis

Arvind Kejriwal: AAP to protest against Kejriwal's arrest today near BJP headquarters across the country

Aam Aadmi Party will protest at BJP headquarters across the country on Saturday against the arres

As the Surajkund Mela begins, these main roads in Faridabad will be closed; the restrictions will remain in effect until February 15th; an advisory has been issued.

The police have issued a traffic advisory regarding the Surajkund International Self-Reliant Hand

Diljit Dosanjh: Diljit Dosanjh's wife and son in America, the first album released even before he became an adult.

All kinds of stories have been heard in the film industry regarding why director Imtiaz Ali's new

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