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Global IT Firm Accenture Plans to Trim Its workforce by Laying Off 19,000 Workers

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An Irish-American professional services company based in Dublin, which specializes in information technology services and consulting, Accenture, has revealed plans to trim its workforce by laying off 19,000 workers.

The global IT firm revealed in a filing on Thursday its plans to spend $1.2 billion in severance to cut 2.5% of its workforce over the next 18 months, and another $300 million to consolidate its office space. It also lowered its forecasts with revenue expected to grow between 8% and 10% this fiscal year, down from a previous range of 8% to 11%.

Accenture, which has 738,000 employees globally, disclosed in its latest quarterly report to the Securities and Exchange Commission (SEC) that it continues to hire, but had initiated actions to streamline its operations and transform its non-billable corporate functions to reduce costs.

The CEO of the IT firm Julie Sweet said in a statement, “We are also taking efforts to cut our expenses in the fiscal year 2024 and beyond while continuing to invest in our business and our people to grasp the enormous growth possibilities ahead”.

Shares in Accenture rose as much as 8.4% in New York following this announcement. The company also said bookings rose to a record $22.1 billion in its second quarter, beating estimates, a 13% increase from the same period last year. Over half of the total new bookings came from managed services with consulting making up the rest. Revenue also rose 5% to $15.8 billion.

Accenture’s proposed layoffs are coming after the firm increased its headcount between Feb. 28, 2022, and Feb. 28, 2023, by about 39,000 to 738,000 employees. The cuts also came after it had gone on a massive acquisition spree. In 2022, the company made 25 acquisitions worldwide which include Barcelona-Based Alfa Consulting, Argentina-based Ergo, Brussels-based Greenfish, and Minnesota-based the stable.

Commenting on the firm’s layoff, a top sales executive for an SP 500 solution provider stated that he was not surprised by Accenture’s proposed plan to layoff some of its workers, given the buying spree by the systems.

He said, “Big companies like Accenture always over-rotate when they are pursuing a growing market like cloud. Their sales go up for several years but they fail to anticipate economic factors that could slow growth down. Three years from now they will be returning people when the economy is good again”.

He further added that he sees the layoff as a sign that Accenture is seeing a slowdown in the rapid lift and shift move to the cloud that came in the wake of the covid-19 pandemic.

Accenture is a $61.6-billion-in-annual-revenue technology and consulting company incorporated in Dublin, Ireland. The IT firm reported revenues of $61.6 billion in 2022. Its current clients include 91 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.

As of 2022, Accenture was considered the largest consulting firm in the world by the number of employees (738,000) and has a market value of $184, 927 million. The company has a network of nearly 400 innovation centers, studios, and centers of excellence around the world to deliver cutting-edge research, insights, and solutions to clients where they operate and live.

Top Crypto Tokens for a Potentially Profitable Crypto Portfolio: Algorand & Big Eyes Coin

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In 2023, the price of Algorand (ALGO) and a new cryptocurrency, Big Eyes Coin (BIG), may rise more than other cryptocurrencies. This might place owners of both coins among the year’s top gainers.

Many industry insiders have high hopes for this year, predicting that it won’t be much worse for cryptocurrencies than in 2022. This year, things may look up for those who have chosen to invest in certain cryptocurrencies.

Some analysts believe that Algorand (ALGO) and Big Eyes Coin (BIG) are valuable investments because of their potential to multiply one’s wealth. The excitement surrounding these three cryptocurrencies is worth discussing in this article.

Algorand (ALGO) – Securing Digital Transactions

The Algorand platform delivers an independently operable, scalable, and secure blockchain network for its users. Blockchain technology is the driving force behind many other innovations, including decentralized finance and generative NFTs. Involvement in these activities can lead to tangible financial gains.

Cryptocurrency market participants can rely on Algorand (ALGO) because it was developed to be both a practical and secure system for dealing with digital transactions. Its concept is based on its ability to employ a specialized algorithm, which allows transactions to be processed more quickly and securely than other cryptocurrencies.

Even though Algorand (ALGO) is not the oldest cryptocurrency, its novel approach to digital transactions has attracted the attention of both investors and consumers. Algorand has performed as promised, and it is already a household name among cryptocurrency investors.

In Q1 of 2022, Algorand (ALGO) received funding from Genesis-Capital, Coinbase Ventures, Borderless Capital, ParaFi Capital, The Algorand Foundation, OKEx Blockdream Ventures, and Jump Crypto, among others. Algorand (ALGO) is one of the best cryptocurrencies you can buy right now, and this is clear evidence of its legitimacy.

Big Eyes Coin (BIG) – Exciting Meme to Top the Market

Big Eyes Coin (BIG) is another fantastic meme coin to have in your cryptocurrency holdings. It’s so good that some could call it “best” right now. Big Eyes Coin (BIG) stands apart from the doge ecosystem with its distinctive token design, including a cat motif, and its absence of competition increases the possibility of widespread adoption.

Big Eyes Coin is becoming increasingly well-known despite being a basic presale token. The new cryptocurrency has gained much traction because of its developers’ efforts.

The Big Eyes Coin community is one of the aspects that sets it unique from other meme coins. The coin is based on a decentralized mechanism that gives token holders a voice in shaping the future of the network.

Besides its utility in DeFi and NFTs, Big Eyes Coin (BIG) features a swap and a marketplace. Every transaction on the network is initiated and settled in BIG, the native token and currency of the project.

Big Eyes Coin hopes to thrive in the market by capitalizing on its unique characteristics, strong community, and existing brand recognition. Experts anticipate that the meme currency will achieve even more success than the current top meme tokens, and joining its presale might give you access to substantial profits. The token’s release date is approaching, and early adopters will be rewarded for their participation.

 

Follow Big Eyes:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Three Tokens to Expand Your Portfolio— Big Eyes, Sandbox, and Polygon

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In the current crypto space, investing in cryptocurrencies over the long term is a more popular and profitable option. This is due to the fact that it takes a while to produce results, making it the ideal contrast to the industry’s often volatile markets. It is clear that workable solutions that can safeguard portfolios and generate enormous long-term rewards are required as the bad market continues.

This article focuses on three cryptocurrencies that have tremendous development potential and could generate enormous rewards regardless of the current economic conditions. Here are three stocks that every investor should be keeping an eye on: Sandbox (SAND), Polygon (MATIC), and Big Eyes Token (BIG).

Sandbox (SAND)- Revolutionizing the Way You Game

Sandbox (SAND) is creating a distinctive virtual environment where people can design and make money from their own game activities. Holders have the authority to control important decisions in the Sandbox environment thanks to the decentralized autonomous organization. They want to provide users with a richly immersive metaverse where they can make video games and virtual worlds without being concerned about being governed by a central authority.

The SAND ERC-20 token is necessary for interactions and transactions within The Sandbox ecosystem. Players in The Sandbox are frequently rewarded with SAND. The Sandbox’s (SAND) primary goal is to foster player creativity by allowing them to build networks from scratch.

Through non-fungible tokens, they seek to remove the restrictions that previously existed for creators and to fully award them ownership of their works. It is a framework that enables participants to share their playing experiences with other creatives. By bridging the gap between the gaming and cryptocurrency worlds and enabling individuals to work and learn in an altogether new environment, it is successful in the P2E strategy. It surpasses expectations and enables users to interact and monetize in novel ways that are influencing how we live today.

Polygon (MATIC) – Striving on the Blockchain

Polygon (MATIC) is the first organized, user-friendly platform for infrastructure creation and scaling of Ethereum (ETH) in the cryptocurrency sector. It is a mechanism that turns Ethereum (ETH) into a complete multi-chain system, aka Internet of Blockchains. The Polygon (MATIC) multi-chain system is similar to existing ones within the industry, such as Polkadot (DOT), Cosmos (ATOM) and Avalanche (AVAX), with the advantages of Ethereum’s security, thriving ecosystem and openness.

Through a fundamental component called Polygon SDK, Polygon (MATIC) lets customers design optimistic rollup chains, ZK rollup chains, stand-alone chains or any other form of infra desired by the developer. The ecosystem of this currency is centered around its native coin, MATIC. On Polygon, MATIC allows a number of crypto processes, including network administration, fee payments, and user engagement.

Big Eyes (BIG) – Claiming the Top Spot

The recently launched meme coin project Big Eyes Coin (BIG) is a wise addition to your portfolio. The brand-new meme coin initiative displayed strength throughout its presale by raising millions. The meme coin initiative is demonstrating its ability to create value by amassing significant amounts in a bad market. It upholds the reputation that meme currencies have established as significant gainers in the marketplace.

Big Eyes Coin aspires to reduce carbon emissions and energy use while also actively assisting the environment by making donations to organizations that support ocean conservation. The majority of crypto enthusiasts believe that Big Eyes will be the next big thing in the market, and investors are placing early bets on this project. In the cryptocurrency market, meme coin pumps are common, and Big Eyes is priced just right for a meteoric rise. With the hype that Big Eyes Coin has built, it is sure to make the top spot on the crypto market.

 

Follow Big Eyes:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Big Eyes, Avalanche, and Loopring: Altcoins with the Best Return Potential in the First Half of the Year and Beyond

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Avalanche (AVAX) and Loopring (LRC) are altcoins to watch out for, as they are likely to perform better than previous times in the coming months. Crypto assets are among the best purchases with high-profit potential currently, and they could be a bargain alongside Big Eyes (BIG) soon..

Unlike Avalanche (AVAX) and Loopring (LRC), Big Eyes (BIG) is a new cryptocurrency at the tail end of its presale. The meme coin isn’t expected to hit the ground running anytime soon, but having it in your portfolio has been described as a good “future security.” Big Eyes (BIG) is expected to grow bigger, and it could be among the top meme coins soon.

Avalanche (AVAX) 

Avalanche is a permissionless protocol for smart contract execution and decentralized application development. The blockchain network prioritizes users’ safety and data privacy, making it secure. Avalanche ranks high amongst competitors. Its throughput and scalability are up to par, and its transaction speed isn’t lagging either. It’s one of the most preferred alternatives to Ethereum, and its utility token, AVAX, is growing in prominence with the platform’s constant use.

AVAX (Avalanche token) boosts the platform’s security and performs other utility functions, including transaction payments and facilitating rewards. It is a good cryptocurrency to hold in your portfolio outside the platform, as its market history shows high-profit potential during favorable times. It was highly rewarding during the last bill run until the winter caused it to decline badly. Analysts believe giving up on the crypto asset can be regrettable, as the coming months promise to be better.

Loopring (LRC)

Loopring is a layer-2 blockchain protocol that uses Zero-Knowledge (ZK) Rollup technology to improve scalability and privacy, ensuring users can enjoy permissionless, secure, fast, and cost-effective transactions. The crypto exchange platform combines the good features of centralized and decentralized exchanges to improve users’ experience and guarantee satisfaction. This has made the platform one of the most efficient for token exchange or swap.

Loopring improves the efficiency of order execution and increases liquidity availability on decentralized exchanges (DEX). It improves on the shortcomings of conventional CEX and DEX platforms, presenting itself as a better alternative. Every transaction on the platform is backed by its utility token, LRC. LRC’s massive increase in 2021 has brought it to the subconscious of many crypto investors. Even though it was affected by the general decline, the crypto assets still look poised for a profitable run before the end of the year’s first half.

The crypto assets are worth watching as the market gradually recovers from the winter effect.

Big Eyes (BIG) 

Big Eyes coin will continue its great stride on presale as it hopes to round up the tenth stage quicker. The meme coin has one of the best presales in a while, with a high tendency to replicate the excellent run when it lists on major exchanges. Big Eyes (BIG) is unique in its market approach and features, contributing greatly to the crypto asset mass acceptance.

The community-centered meme coin will have a self-sustaining ecosystem with growth, and financial opportunities abound. Big Eyes will facilitate the growth of each member and subsequent further development of the ecosystem while donating to charity to protect the ocean and keep aquatic lives safe.

Big Eyes will have its NFTs collections which are unique and could be a great asset a few years from now, giving holders what to cheer about. Big Eyes (BIG) aims to add more utility as the project progresses. The presale is ending soon, and you should join it soon.

Join the presale:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

The DeFi Delight: Fantom, ImmutableX, And Dogetti Lead The Way

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The world of decentralised finance (DeFi) is constantly evolving, and new projects are emerging every day. Among the latest players to make a splash in the DeFi landscape are Fantom (FTM), ImmutableX (IMX), and Dogetti (DETI). Each of these projects offers unique features and benefits, making them stand out from the crowded field of cryptocurrencies. In this article, we’ll explore these three projects and why they’re worth paying attention to.

Speedy Transactions And Low Fees, Fantom

Fantom (FTM) is a fast and highly scalable blockchain platform that offers near-instant transactions at low fees. The Fantom network boasts a throughput of up to 300,000 transactions per second, making it one of the fastest platforms in the DeFi space. Its low fees make it an attractive option for those who want to avoid the high fees associated with other popular cryptocurrencies like Bitcoin and Ethereum.

One of the most exciting features of Fantom is its support for smart contracts, which allows for the creation of decentralised applications (dApps) on its platform. This makes it an excellent choice for developers who want to build DeFi apps on a platform that’s fast, secure, and highly scalable.

Decentralised And Environmentally Friendly, ImmutableX

ImmutableX (IMX) is a layer-2 scaling solution built on Ethereum that offers fast and secure transactions while also being environmentally friendly. Unlike many other scaling solutions, ImmutableX doesn’t require the use of energy-intensive proof-of-work (PoW) algorithms. Instead, it uses a more efficient proof-of-stake (PoS) consensus mechanism, making it more sustainable and eco-friendlier.

ImmutableX also offers fast and cheap transactions, with fees as low as a fraction of a cent. This makes it an attractive option for traders and developers who want to take advantage of the benefits of DeFi without incurring high fees or harming the environment.

The Playful And Profitable Meme Coin, Dogetti

Dogetti (DETI) is a meme coin that’s been making waves in the crypto world thanks to its playful and unique mafia-themed branding. Dogetti’s impressive pre-ICO sales suggest that investors are enthusiastic about participating in this unique project and making the most of their investments when the meme coin launches.

One of the key factors behind Dogetti’s success is its community, known as the Dogetti Family. This community has been growing rapidly, with members from all over the world joining in to support the project. The Dogetti team has been active in engaging with their community and building a strong following, which has helped to drive up demand for DETI.

The Future Of DeFi: An Exciting And Promising Landscape

The DeFi landscape is rapidly evolving, with new projects emerging all the time. While Fantom, ImmutableX, and Dogetti are just three of many exciting DeFi projects, they represent some of the most innovative and promising projects in the space. As more people begin to recognise the benefits of DeFi and its potential to transform the financial industry, we can expect to see continued growth and innovation in this space.

In conclusion, Fantom, ImmutableX, and Dogetti are three DeFi projects worth keeping an eye on. Each of these projects offers unique features and benefits, making them stand out in an extremely saturated crypto market.

All About Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_