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Accenture's layoff News sparks 'panic' and 'anxiety' among India's IT professionals

  • Accenture will lay off 19,000 employees globally as part of its cost optimization efforts in Q2 of fiscal 2023.
  • This news has caused anxiety among engineering talent in India, where Accenture has a large employee base.
  • Indian IT professionals worry that other tier-one IT companies may also announce layoffs.
  • Accenture's management says hiring in Q3 will be minimal, and other IT companies are yet to hire freshers.

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