Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Accenture reduces staff and forecasts over IT expenditure concerns

Photo Credit: Adobe Photo Credit: Adobe
Photo Credit: Adobe Photo Credit: Adobe

Listen to the article now

Accenture Plc announced on Thursday that it would eliminate 2.5% of its staff, or 19,000 positions, as the global economic outlook worsened.

The business claimed more than half of the layoffs would affect personnel at its non-billable corporate services, sending its shares up more than 4% before the bell.

Accenture predicts annual revenue growth of 8%–10%, down from 8%–11%.

When its first-quarter revenue prediction fell short, rival Cognizant Technology Solutions (CTSH.O) predicted “muted” bookings growth in 2022.

Accenture predicts profits per share of $10.84 to $11.06 instead of $11.20 to $11.52.

Accenture plc is a Dublin-based Irish-American professional services firm specializing in information technology services and consulting. It is a Fortune Global 500 corporation with revenues of $61.6 billion in 2022.


Comment Template

You May Also Like

Business

Elon Musk’s directive for federal employees to justify their work in five bullet points or face resignation has sparked outrage. Unions and legal experts...

Business

MSG Networks has returned to Optimum after a nearly two-month blackout, restoring Knicks and Rangers coverage for frustrated fans. The new deal places MSG...

Business

Alphabet has introduced **Premium Lite**, a lower-cost YouTube subscription offering ad-free videos (excluding music). This move aims to expand YouTube’s subscriber base and reduce...

Business

India has been named the best solo travel destination for 2025 by Kensington, thanks to its rich culture, history, and diverse experiences. From the...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok