• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News Workforce

Accenture Cuts 19,000 Jobs

Accenture announced it would be slashing its workforce by 2.5%, which translates to 19,000 jobs.

Emma AscottbyEmma Ascott
March 23, 2023
in Workforce
Reading Time: 1 min read
A A
Accenture Cuts 19,000 Jobs

More stories for you

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

2 hours ago
Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

2 hours ago
New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

2 hours ago
New York Weighs Statewide Four-Day Workweek Pilot That Could Reshape U.S. Labor Norms

New York Weighs Statewide Four-Day Workweek Pilot That Could Reshape U.S. Labor Norms

2 hours ago

What’s going on:   

Accenture announced it would be slashing its workforce by 2.5%, which translates to 19,000 jobs. This news follows the trend of declining global economic conditions and IT services spending.  

Over half of those layoffs will be in their non-billable corporate functions. On Thursday, their shares increased 6.4% despite the unfortunate news.  

Advertisements
Nexudus - Tech Stack Lovers

Why it matters:  

The tech industry as a whole has been greatly impacted, leading to hundreds of thousands of job losses caused by rising inflation and interest rates, according to CNBC.    

A U.S.-based Enterprise Technology Research survey of over one thousand IT decision makers revealed that their budget growth for 2023 will be scaled back. 

Advertisements
Nexudus - Tech Stack Lovers

How it’ll impact the future:  

Accenture now anticipates an annual revenue expansion of 8-10%, a shift from their initial projection of 8-11%. Additionally, $1.2 billion in severance costs are expected over the upcoming fiscal years of 2023 and 2024. 

Source: CNBC
Tags: Work-lifeWorkforce
Share5Tweet3Share1
Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

Other Stories Recommended For You

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now
News

Goldman Sachs Rolls Out AI Assistant, Defying Job-Cut Fears — For Now

byFeatured Insights
2 hours ago

Goldman Sachs is embracing artificial intelligence, but, for now at least, it won’t cost any workers their jobs. The investment...

Read more
Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

Amazon To Create Thousands Of Jobs With $54 Billion Investment In Britain

2 hours ago
New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

New Fair Work Week Rules Set To Transform Hourly Retail Scheduling In Los Angeles County

2 hours ago
New York Weighs Statewide Four-Day Workweek Pilot That Could Reshape U.S. Labor Norms

New York Weighs Statewide Four-Day Workweek Pilot That Could Reshape U.S. Labor Norms

2 hours ago
Advertisements
Yardi Kube automates flex and coworking operations
Advertisements
Workspaces Run Better On UltraSoftBIS

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00