Wednesday, May 31, 2023

Accenture to Cut 19,000 Jobs as IT Industry Hits a Low

By ET Bureau - March 24, 2023 1 Mins Read

Accenture to Cut 19,000 Jobs as IT Industry Hits a Low

Accenture Plc, Irish-American professional services company based in Dublin, lowered its annual revenue and profit predictions and plans to lay off approximately 2.5% of its workforce, or 19,000 jobs. The company announced on Thursday that more than half of the jobs to be laid off in its non-billable corporate functions, sending its shares up 6.4%.

Since the advent of economic turmoil, the tech sector has been laying off hundreds of thousands of resources due to a demand downturn resulting from high inflation and rising interest rates.

Read More: Accenture trims forecasts, to cut 19,000 jobs as IT spending slows

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.


ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

Subscribe To Newsletter

*By clicking on the Submit button, you are agreeing with the Privacy Policy with Enterprise Talks.*