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

AUS vs SA Preview: South Africa will fight against Australia to remove the tag of chokers in, the second semi-final today

Every cricket lover will probably remember the disappointed faces of Lance Klusener at Edgbaston

Ahmedabad ready to host Commonwealth Games 2030: How did India get the hosting rights, when did the whole story begin?

Hosting the 2036 Olympic Games has always been a long-term goal for the Indian government. Ahmeda

Vision and patience... Ranveer Singh gets emotional over Dhurandhar's success, a blockbuster after 7 years.

Ranveer Singh is currently enjoying the success of his film Dhurandhar. The film is performing ex

Elvish Yadav: Shocking confession of Elvish, said- Yes, I used to supply snakes and their poison in parties.

Elvish Yadav: Bigg Boss winner and famous YouTuber Elvish Yadav was sent to judicial custody for

NIPAH Virus: Number of infected people increased to six, know how this disease spreads and what to do for prevention

The cases of Nipah virus infection are increasing in Kerala, till Friday the number of infected p

RR vs RCB: Will rain become a hindrance in the Bengaluru-Royals match? Know how the pitch will be and where to watch the match

The 19th match of IPL 2024 will be played between Royal Challengers Bangalore and Rajasthan Royal

Blast near Israel Embassy: Terrorists had threatened the ambassador, had talked about an attack; Now more than 100 CCTV...

Israeli Ambassador Naor Gilon posted in India was threatened with death by terrorists in November

Amit Shah: 'The history of misuse of majority is not of my party, but of Congress', said Shah; Targeted at Kejriwal

Home Minister Amit Shah fiercely targeted Delhi Chief Minister Arvind Kejriwal. Regarding th

Delhi Pollution: Delhi residents get no relief from pollution; air quality remains in the 'very poor' category; know the AQI level.

Even on New Year's Day, people in the capital did not get any relief from the toxic air. Due to u

From PAN, FASTag, and LPG prices to railway tickets... What has changed starting today?

Today—April 1, 2026—marks the beginning of the new financial year, and along with it,

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