It seems that even some of the world’s biggest IT firms are being affected by the current economic crisis. Accenture, a management consultancy firm, has announced that they are going to have to cut hundreds of jobs. Days after they announced major rises in there annual sales they have announced that job losses are going to have to be made. It has said the cuts are to balance the skills of the workforce.
Another major ecommerce business, eBay, is cutting 10% of its workforce because of slowing sales rates. They are axing around 1,000 jobs to save around £85m in costs a year, although they are spending £740m on three acquisitions. The company is to announce its third quarter results next week and it has already warned analysts and the market that they should prepare for the worst.
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