Money

Accenture to axe 19,000 jobs

Published

1 year ago

March 24, 2023

ticker NEWS

The tech consulting firm says economic conditions have brought on the move

Accenture has announced it will be slashing 19,000 jobs at the tech consulting firm.

It’s all part of a proposal to cut costs to deal with a tight economic environment.

The company says it won’t put a freeze on hiring despite 2.5 per cent of staff departing in the next 18 months.

In a statement, the company says “there continues to be significant economic and geopolitical uncertainty in many markets around the world, which has impacted and may continue to impact our business.”

The company is expecting annual revenue growth to be up to 10 per cent for this year, which is a slight downgrade on pervious estimates.

The axing comes amid Meta and Amazon are downsizing their workforce.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending