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

Now, migration from the nation's capital! Toxic air makes 80% of residents sick, a frightening report on pollution in Delhi-NCR.

Breathing air in Delhi-NCR has become a luxury. A recent study by consumer research firm Smytten

Sonu Sood: Sonu Sood exposed Bollywood, and said- good acting is done at parties here

These days actor Sonu Sood is promoting his film 'Fateh'. In a recent interview with Mashbell Ind

India Canada Row: India can speak for itself on Trudeau's allegations, US appeal to cooperate in repeated investigation

India-Canada Row: After the murder of Khalistani terrorist Hardeep Singh Nijjar, there has been a

PSL 2026: Babar Azam Fumes at Press Conference; Responding to a Question on Strike Rate, He Says: "You Don't Just Lift Your Head and Hit Shots..."

The post-match press conferences in the Pakistan Super League are proving to be even more enterta

Alan Rickman: Google Doodle's special tribute to 'Harry Potter' fame Alan Rickman, played an important role in this series

If you are a fan of 'Harry Potter' series then you must remember 'Professor Severus Snape'. Holly

Amit Shah: Home Minister Amit Shah said - PoK is a part of India, the Hindus there are ours, and the Muslims too.

Union Home Minister Amit Shah once again mentioned Pakistan Occupied Kashmir (PoK) before the Lok

'Koi maai ka lal me aur...', Sunita Ahuja breaks silence on divorce rumors with Govinda, video goes viral.

There was a stir in the film circles when the news of the separation of B-town star couple Govind

Delhi-NCR Pollution: Supreme Court's strict comment - We cannot sit idle, next hearing on December 10

The Supreme Court took suo motu cognizance of the Delhi and NCR air pollution crisis and held a h

Salman Khan: After the clash on 'Inshallah', Salman again shook hands with Bhansali. Will work together on a new project

Bollywood's Dabangg Khan i.e. Salman Khan after the film 'Kisi Ka Bhai Kisi Ki Jaan' is now in di

MS Dhoni, you have to play IPL 2026, Mahi replied to the fan- take care of my knees...

Will Mahi play or not? There are still 7 months left for the next season of IPL, but one question

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