By ET Bureau - March 24, 2023 1 Mins Read
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.
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.
A Peer Knowledge Resource – By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision making.Media@EnterpriseTalk.com