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

U-19 World Cup: Saumy Pandey aka Junior Jadeja! Held the ball at the age of 6, and created a stir in the World Cup by bowling fiercely.

Saumy Pandey Wickets: The Indian team's excellent performance continues in the Under-19 World Cup

Shubman Gill: After a record-breaking performance in two Tests, Gill's bat is rusty! Could only score 34 runs in three innings

The fourth match of the five-match Test series is being played between India and England at Old T

PM Narendra Modi made this special appeal to the countrymen in 'Anupama' style, video went viral on social media

Diwali 2023: 'Anupama', which started in the year 2020, has become the most popular show in the T

Yamuna Floods: Yamuna below danger mark in Delhi, water level is decreasing rapidly, but there is danger of diseases.

The Yamuna River in Delhi has reached below the danger mark of 205.33 meters. Due to this, the wa

GT vs LSG: Nicholas Pooran gave a fiery reply to Mohammed Siraj's sledging, the video is creating a ruckus

Nicholas Pooran performed brilliantly with the bat at the Narendra Modi Stadium in Ahmedabad, wit

'Infiltration will end in Bengal only when Mamata is removed from power', Amit Shah fiercely attacked Didi

Union Home Minister Amit Shah said that when the people of Bengal will oust Chief Minister Mamata

Parliament Security Breach: Special Cell confronted the accused, their custody is ending today

All the six accused who had breached the security of Parliament House were made face to face. The

PM Modi Visit: Yoga in UN, dinner with Biden and talks with CEOs, know the schedule of PM Modi's US-Egypt tour

Prime Minister Narendra Modi is going to visit America on the 21st of June. His visit is consider

Bobby Deol Birthday: When he did not get work, he became a DJ, and started a new inning as a villain, this is how he became 'Lord Bobby'

When we think of Bobby Deol, two types of characters of the actor come to our mind. At first glan

Arvind Kejriwal: Kejriwal's petition will be heard in the High Court today; '9 summons were sent but he did not appear'

Delhi Excise Policy Case The Delhi High Court will hear the petition of Chief Minister Arvind Kej