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

BCCI-Dream11: 'Will not be associated with any such organization in the future', BCCI confirmed the breaking of the agreement with Dream-11

The Rs 358 crore sponsorship deal between the Board of Control for Cricket in India (BCCI) and fa

Gadar 2 Week 2: 'Gadar 2' became the highest-grossing Hindi film in the second week, with all eyes on the third weekend

Looking at the way director Anil Sharma's film 'Gadar 2' has done business at the box office in t

Bengal SIR: 'The real motive behind SIR is NRC', CM Mamata Banerjee makes a big statement; find out what she said on Constitution Day

West Bengal Chief Minister Mamata Banerjee on Wednesday claimed that the real motive behind the S

Mahakumbh 2025: Lauren Powell suddenly returned from Mahakumbh, and had to stay for 10 days; took this initiation from the guru while leaving

Lauren Powell, wife of Apple co-founder Steve Jobs, has suddenly returned from Maha Kumbh. She ha

Be it PM or CM, they will have to leave their posts on arrest in serious cases, the government will introduce three important bills in Parliament today

The government plans to introduce three bills in Parliament on Wednesday. These include the provi

RBI receives bomb threat, mail in Russian language, police start investigation

The Reserve Bank of India has received a bomb threat. A threatening email came on the official we

Evlish Yadav: 'Bigg Boss OTT 2' winner Elvish Yadav broke his silence about his girlfriend, made a big disclosure on his love life

YouTuber Elvish Yadav is in the limelight after winning the trophy of 'Bigg Boss OTT 2'. Their de

Mission Impossible 7: 61-year-old Tom Cruise's action ruckus on the big screen, Agent Ethan Hunt on the seventh mission

Global superstar Tom Cruise is going to make a comeback as Ethan Hunt once again. He has made a t

Ruckus in Rajya Sabha over Sanjay Singh's remarks against PM, Deputy Chairman orders removal from record.

During the discussion on the Constitution, there was a lot of uproar in the Rajya Sabha on Tuesda

IND vs NED: India register 12th consecutive T20 World Cup win; fielding weaknesses exposed again; Shivam Dube shines

India defeated the Netherlands by 17 runs, thanks to Shivam Dubey's brilliant batting and Varun C