Accenture to cut 19,000 jobs! Will Indian IT see spillover effect?
IT major Accenture announced 19,000 job cuts on Thursday. This comes in as the company lowered its growth and profit projections in its earnings call amid recessionary fears and global headwinds. Indian IT companies, like TCS, Infosys, Wipro, Tech Mahindra, and others, have also been sharing similar management commentary since the past few quarters. Does this mean similar cutbacks can also be expected at Indian IT majors?
Source: businesstoday.in