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Accenture to cut 19,000 jobs amid worsening global outlook, trims forecast

The company also trimmed its annual revenue growth and profit forecasts on Thursday, amid worries that recession-wary enterprises will cut technology budgets

Accenture
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BS Web Team New Delhi
Accenture Plc said on Thursday it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.

The company also trimmed its annual revenue growth and profit forecasts on Thursday, amid worries that recession-wary enterprises will cut technology budgets.

The company now expects annual revenue growth to be in the range of 8 per cent to 10 per cent in local currency, compared to 8 per cent to 11 per cent expected previously.

Recently, the IT services and consulting firm acquired Bengaluru-based

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First Published: Mar 23 2023 | 4:53 PM IST

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