November 29, 2020

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Layoff Watch ’20: EY Ireland Is Letting Go of 36 Non-Client-Facing Staffers

Let’s see, since the start of the pandemic, EY has done performance-based separations layoffs in Canada, Israel, Mexico, and, of course, the U.S. Now we can add Ireland to the list. This just hit our tipline: Not as impressive as the few hundred pink slips being given out across the US, but it was announced […]

Layoff Watch ’20: It’s Pink Slip Day at KPMG

[Updated on Sept. 30 with additional information.] Two days before the start of KPMG’s 2021 fiscal year, massive layoffs unfortunately occurred at the firm on Tuesday. We received confirmation that 1,400 people, less than 4% of KPMG’s workforce, would be notified this afternoon that they no longer have a job with the firm. In a […]

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Layoff Watch ’20: Apparently It’s Doomsday for Some at EY (UPDATE)

[Updated on Sept. 23 with additional information.] EY management stuck to their narrative today that the recent layoffs at the firm aren’t layoffs but performance-based separations that were justified, even though many of those who have contacted us after losing their jobs said they weren’t on any type of performance improvement plan. First, before EY […]

KPMG Rocks signs held by a woman in a KPMG shirt

Layoff Watch ’20: KPMG Executive Assistants Were Given an Ultimatum This Week

We saw this being discussed on the chatter sites earlier this week, but because our website has been hot garbage (as I’m sure many of you noticed) off and on since last Sunday, we couldn’t post anything. However, now that GC is back online and we’ve gotten tips from two sources at KPMG within the […]

Layoff Watch ’20: EY Canada Job Cuts Are Underway (UPDATE)

[Updated on Sept. 15 with additional information.] While EY in the U.S. is continuing to tell people in its tax, risk, and assurance practices that their services are no longer needed, we’ve been told that a second round of layoffs has begun in Canada, particularly in Ontario. A source said: Another round of firings has […]

Layoff Watch ’20: Hearing EY Mexico Is Cutting People and Pay (UPDATE)

[Updated on Aug. 10 with additional information.] We heard from another EY employee in Mexico who told us over the weekend that the situation at the firm is “worse than you may imagine.” This person said that the leadership at EY Mexico has allegedly given employees an ultimatum: accept a 15% pay cut by this […]

Layoff Watch ’20: PwC to Sever Ties with 5% of Its Workforce In Australia (UPDATE) PwC Limits Job Cuts to About 3%

[Updated on Aug. 3 with additional information.] PwC Australia CEO Tom Seymour said layoffs last month weren’t as large as anticipated—the firm let go of 250 PwCers instead of the 400 employees who had initially been targeted for involuntary departure by redeploying dozens of staff, according to the Australian Financial Review on Aug. 3: Mr […]

Layoff Watch ’20: Grant Thornton Is the Latest Firm to Trim Some Staff

Happy Friday, everyone! Hopefully you all made it through this week unscathed and still have your job. Unfortunately for some employees of Grant Thornton, they can’t say the same. We received this tip a little bit ago: Looks like GT will be cutting some advisory people and furloughing new hires and cutting some executive assistants. […]

Layoff Watch ’20: Dixon Hughes Goodman Is Letting Go of 125 Mostly Furloughed Employees (UPDATE)

[Updated on July 23 with additional information.] Another day, another round of layoffs at a top accounting firm in the U.S. This time it’s No. 17 in your scorecard, Dixon Hughes Goodman, which announced on Wednesday that it’s letting go of 125 employees, nearly all of whom were furloughed by the firm on May 1, […]

Layoff Watch ’20: What In the World Is Happening at Deloitte Canada? (UPDATE)

[Updated on July 23 with additional information.] We heard from two sources on July 22 that more layoffs had occurred at Deloitte Canada, this time affecting nearly 200 people in non-client-facing roles. One source told us: 179 internal services staff laid off at Deloitte Canada today [July 22]. 188 redeployed from internal to external client […]

Layoff Watch ’20: KPMG U.K. Is Cutting About 100 People Loose In Consulting

Sky News reported some unfortunate news today, as the Queen’s KPMG has reportedly told about 200 employees, including nearly a hundred in consulting, that their services are no longer needed: Sky News has learnt that the big four accountancy firm has decided to axe just under 200 jobs across its UK workforce, the latest sign […]

Layoff Watch ’20: PwCer Claims Performance Ratings Are Purposely Being Bumped Down to Make Separation Decisions Easier During the Pandemic (UPDATE)

[Updated on July 17 with additional comments.] Two people who currently work at PwC in management roles have chimed in on this topic: one who is siding with the firm and the other who is siding with those folks who have recently lost their jobs. The first is a partner who emphatically says what these […]

Layoff Watch ’20: PwC Canada Confirms It Is Handing Out Pink Slips (UPDATE)

[Updated on July 16 with additional information.] Ugh, here we go again. Another big Canadian firm is cutting employees during the pandemic, and the latest victims are from PwC. We got this tip around lunchtime on July 15: Lay offs have started in a few offices in PwC Canada, including me. I’m only aware of […]

Layoff Watch ’20: BDO USA Waved Goodbye to Some Folks In Advisory

This came in through the tipline about an hour or so ago: BDO Advisory US had a RIF yesterday… about 3% of workforce… low performers but also told it was due to economic conditions… guess the comp reduction didn’t “keep our family together.” So the email I got yesterday from a person saying (s)he was […]

Layoff Watch ’20: Rumor Has It That PwC Brazil Let Go of 600 Employees

[Updated on July 11 with additional information/comments.] A tipster brought to our attention this morning that several people on his LinkedIn feed who worked at PwC in Brazil no longer work at PwC in Brazil as of July 9. Here are a few of the posts, translated from Portuguese to English: And today my journey […]

Layoff Watch ’20: At Least One BDO Canada Office Is Downsizing Its Headcount

[Updated on July 10 with additional information.] Unfortunately we are hearing more news of Canadian accounting professionals losing their jobs. Although we haven’t been able to confirm yet if there have been firm-wide job cuts at BDO Canada, we were told by a source at BDO in Vancouver on July 9 that several people at […]

Layoff Watch ’20: RSM Is Apparently Lightening Its Load In Canada

Hearing word today that RSM Canada has started handing out pink slips, and the culprit seems to be lower-than-expected revenues due to a downturn in business caused by the COVID-19 pandemic. According to a source, a practice leader sent out this email to staff on Tuesday: Although as a firm we remain in a strong […]

Layoff Watch ’20: EY Is Cutting Ties with Nearly 100 Employees In Israel

Today is New Year’s Eve Eve in the Ernstiverse, and with the 2021 fiscal year starting on Wednesday—and with COVID-19 not going away anytime soon—we’ve been told that quite a few EYers in the U.S. will be shown the door soon. Rumors have been swirling for a while now—from 300 of the 3,600 (8.3%) U.S. […]

Layoff Watch ’20: Many Furloughed Moss Adams Employees Are Not Getting Their Jobs Back

[Updated on June 26 with additional information.] A source at Moss Adams told me that, according to a video message from CEO Chris Schmidt today, 103 of the 370 furloughed employees were let go on Thursday. [Updated on June 25 with additional comments.] Another sucky day in public accounting during this pandemic. We’ve been told […]

Layoff Watch ’20: About 40 People In KPMG’s Marketing Department Got Some Bad News to Start the Week

In addition to the 350 or so people who we were told lost their jobs in the KPMG Digital Nexus group on Monday, we learned from a source that at least 40 people in KPMG’s marketing department were also laid off that day. A KPMG spokesperson confirmed Monday’s marketing layoffs this morning but couldn’t comment […]

Layoff Watch ’20: Some KPMG IT Folks Were Told Their Services Are No Longer Needed

[Updated on June 23 with additional information.] Another person who will be leaving KPMG involuntarily told us on Tuesday evening that Monday’s layoffs affected more than 350 people in the Digital Nexus group. Fourteen people had over 25 years, I personally have been here for 19. The 350 number came from my manager and several […]

Layoff Watch ’20: Deloitte’s Purging Continues, This Time In Australia

Deloitte, which couldn’t help patting itself on the back last week for forecasting a record-breaking $48 billion in global revenue for FY 2020, has just sent hundreds of more employees to the chopping block. First, the firm sent between 300 and 400 Canadian employees packing in May, then more than 5,000 U.S. employees have received […]

Layoff Watch ’20: Grant Thornton U.K. Is Forcing 70 Employees to Take Early Exits

Over the past three months, we’ve chronicled as best we could all the job cuts—which unfortunately have affected several thousands of professionals so far—that have occurred at U.S. public accounting firms during the coronavirus pandemic. Incredibly we haven’t been made aware of or read about any layoffs that have gone down at the biggest accounting […]

Layoff Watch ’20: Deloitte Has Begun Handing Out Thousands Of Pink Slips (UPDATE)

[Updated on June 12 with some additional information.] We’ve got some new info to share today, at least from the Deloitte & Touche side of things. A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: She confirmed what we […]

Layoff Watch ’20: What’s This About Grant Thornton ‘Optimizing’ Some People?

We were told the other day that Grant Thornton recently got rid of some GTers who were not meeting their utilization goals. ’Tis the season for cutting loose low performers, regardless of a deadly pandemic and a shitty economy. Here’s the tip we got: They’re “optimizing” people at GT US in certain departments. Digital transformation […]

Layoff Watch ’20: Is There Trouble Brewing at EY Canada?

Things are starting to look a little ominous at EY in Canada, as we were told the specter of layoffs looms if EYers don’t volunteer to cut their billable hours. According to a tip we received on April 30: Had a call today at EY Canada (Ontario). Partners are saying that unless people start taking […]

Layoff Watch ’20: Apparently Some Grant Thornton Canada Employees Had to Give Up Their Purple Roses

We got word recently that the Purple Rose of Chicago Toronto has shown some people the door at a few offices in Grant Thornton’s Southern Ontario Business Unit. Here’s what a source told us: 1. Layoffs occurred on March 30th and April 14th. Appears select few senior leaders in GT are short term layoff decisions […]

Layoff Watch ’20: Did This Top 50 Accounting Firm Tell a Bunch of People Their Services Were No Longer Needed?

You might be wondering why I used a photo of Leo to go with an article about an accounting firm that has possibly joined the layoff club. Well he’s the only clue I could think of to give to see if anyone could help us confirm a tip we received about some people at this […]

Layoff Watch ’20: Job Cuts Have Begun at Wipfli, Staff Pay Cuts Are ‘Last Resort’

Unfortunately here’s another top 20 accounting firm that we’ll be adding to our tracker of layoffs and pay cuts in public accounting during the coronavirus pandemic. Wipfli Managing Partner Kurt Gresens announced earlier today that the firm is cutting staff headcount by 5%, according to two sources. One source told us: Some have already been […]

(CONFIRMED) Layoff Watch ’20: Is One the Loneliest Number At This Top 15 Accounting Firm?

[Updated with additional information about job cuts at BKD CPAs & Advisors.] So since we posted this article on Thursday afternoon, we’ve received a lot of information about what’s been happening at BKD CPAs & Advisors, the 13th largest U.S. accounting firm in INSIDE Public Accounting’s 2019 ranking. Yes, some people have been let go, […]

Layoff Watch ’20: Here’s What We’ve Been Told About the Job Cuts at RSM US

[Updated with additional information.] Rumor had it that the hammer would be dropped on hundreds of RSM US employees on April 21. We can confirm that layoffs did occur on Tuesday in multiple offices, we don’t know how many people in total lost their jobs (but it wasn’t the 300 that was rumored), and from […]

Layoff Watch ’20: EisnerAmper Gave 44 People Some Bad News Today

[Updated with additional information.] We just got word that during a presentation this morning, EisnerAmper CEO Charles Weinstein announced that there have been layoffs at the top 20 accounting firm, according to two sources. According to one source, 44 employees were laid off today and those people did receive a severance package (unknown terms) and […]

(CONFIRMED) Layoff Watch ’20: Did This Top 35 Accounting Firm Just Lay Off a Bunch of People Too?

[Updated with additional information about the layoffs at Weaver.] The other night while I was trying to get some more information about the layoffs at Crowe and Baker Tilly, we got a tip saying that another top accounting firm had just laid off 60 employees. I hadn’t seen these layoffs discussed on Reddit or Fishbowl, […]

Layoff Watch ’20: How Bad Were the Job Cuts at Crowe and Baker Tilly?

[Updated with additional information.] In the past 48 hours, we’ve learned that hundreds of people were laid off at Crowe this week and many others were let go at Baker Tilly. Here’s what we’ve been able to piece together about the layoffs at both firms based on tips that have come in to GC: Crowe […]

Layoff Watch ’20: It Was a Manic Monday at Whitley Penn

We had a bad feeling more public accounting firms would be laying people off this week due to the current economic situation caused by COVID-19. We really hoped that wouldn’t be the case. But it happened. Today. This morning we learned via Reddit that Whitley Penn, which has six offices in Texas, was the latest […]

Layoff Watch ’20: It Has Been a Terrible Tuesday For Some Folks at Armanino

[Updated with additional information.] Ugh, the hits just keep on coming. We received two tips on Tuesday morning about layoffs going down at Armanino, specifically in Los Angeles and Dallas. But another source told us on Wednesday that the firm’s newest offices in Seattle and Irvine, CA, were hit the hardest; however, we don’t know […]

Layoff Watch ’20: Berdon Let Go of 15 People, Postpones Partner Distributions

Another top 50 accounting firm based in New York City has laid off employees during the COVID-19 crisis. We got a tip on April 3 that there was a number of staff layoffs at Berdon LLP and the third-party outsourcing group based in India had also been let go. But our source didn’t know the […]

Layoff Watch ’20: KPMG Australia Slashes a Couple Hundred Jobs

First it was KPMG Canada earlier in the week, now Edmund Tadros of the Australian Financial Review is reporting some grim news regarding job cuts at the Australian House of Klynveld: Professional services firm KPMG will cut 200 roles and slash the pay of equity partners by almost 17 per cent in response to the […]

Layoff Watch ’20: KPMG Canada Seems to Be Going On a Pink Slip Frenzy

[Updated with additional information.] We’ve heard from a couple people on Tuesday morning who confirmed what we saw on Reddit last night about layoffs that have occurred at several different KPMG locations in Canada. Unconfirmed reports put the number of layoffs at around 200 throughout the country. Here’s one message we got on the tipline […]

Layoff Watch ’20: Friedman Cut a Bunch of People Loose

[Updated with additional information.] Remember that article we posted last week about layoffs? You know, the one about that recent Fishbowl survey that revealed 41% of accountants believe job cuts will happen at their firm because of the COVID-19 pandemic? Unfortunately that became a reality on March 26 for more than 50 people who worked […]

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One EY Employee Is Getting Antsy About the Prospect of More Layoffs Next Year

With the stench of the performance-based separations layoffs from a couple months ago still lingering in the air at EY, one person who survived the wide-ranging job cuts told us recently that (s)he is already worried about a similar situation happening across the firm in 2021. Here’s what this EYer said: A few weeks ago, […]

Comp Watch ’20: Here’s What We’re Hearing About Raises at Crowe

From the mailbag: Crowe raises are occurring and effective 10/1. Wide range as low as 2% to as high as 15%. Promotion raises lower than typical 12%. No back pay or bonuses for missed time since April cuts. No 401k match. So when we reported back in April about the hundreds of job cuts at […]

Comp Watch ’20: Plante Moran Is Not Giving Out Raises—And Some People Are Not Pleased (UPDATE)

[Updated on Sept. 10 with additional information.] Back in late June, we were told that Plante Moran employees wouldn’t be getting raises this year, that the firm was only paying out bonuses at 75%, and that there wouldn’t be a 401(k) match, presumably due to the COVID-19 crisis. Well, we got an update this week […]

Comp Watch ’20: Here’s What We Know About Raises This Year at KPMG (UPDATE)

[Updated on July 31 with additional information.] And we don’t know much at this point. We’ve seen and been told different things about what was said during a webcast on Thursday morning regarding raises at KPMG. But the one thing we do know is that KPMG is following in line with what the other Big […]

Comp Watch ’20: EYers Who Are Not Getting a Promotion Probably Are Not Happy Right Now

This delicious-looking sundae is the promotion bonus at EY in 2020. An EY all-hands webcast was held earlier this afternoon, and a lot of topics were apparently discussed, including raises … or a lack thereof, according to a source: No raises this year. Only those getting promoted will get the promotion portion of the raises. […]

Promotion Watch ’20: PwC Canada Welcomed 22 to Partnership Right Before Gutting 5% of Its Workforce

Among the slew of messages we got yesterday regarding the layoffs this week at PwC Canada was this one from a PwCer who was among the hundreds of employees told they were no longer welcome at the House of Marcoux: PwC Canada, just a week ago, was “proud” to announce their new 2020 partners, while […]

Comp Watch ’20: BDO USA Is Restoring Everyone’s Pay—But Promotions and Raises Will Have to Wait

Hope everyone had a good weekend celebrating the ol’ red, white, and blue. Speaking of red, white, and blue, the firm that sports these colors, BDO USA, is ending pay cuts effective Aug. 1, according to sources. You gotta hand it to BDO thus far. The firm cut employee pay 5% to 10% in early […]

Promotion Watch ’20: Wipfli Adds Nine to the Partnership, Three New Principals

April was a rough month for the public accounting profession as a whole in the U.S. Because of the economic uncertainty caused by the Rona, a whole slew of PA firms pushed the go button on austerity measures, such as layoffs, furloughs, and pay cuts. And Milwaukee-based Wipfli was no exception. But we won’t get […]

Comp Watch ’20: Raises and Bonuses Are Looking a Bit Paltry at RSM US

If we look back at the firms in ’Murica that have sent the most people packing during the COVID-19 pandemic, three immediately come to mind: Deloitte (obviously), Crowe, and RSM US, which had not one but two rounds of job cuts. Those left standing at RSM must be feeling pretty resilient, having somehow dodged two […]

Bonus Watch ’20: PwC Is Kinda, Sorta Going Forth with Bonuses, Raises (UPDATE)

[Updated on June 12 with additional information.] So we were told today by a couple of people that PwC had a webcast for new hires on Thursday, led by Chairman Tim Ryan, U.S. Recruitment Leader Rod Adams, and a couple of other people. Once the spiel about what PwC is doing to address the COVID-19 […]

Furlough Watch ’20: Apparently RSM US Is Putting Many Of Its Recruiters On Ice, Conducted Second Round of Job Cuts

[Updated on May 20 with additional information.] Nearly a month after RSM US told a slew of underperformers that their services were no longer wanted, we got word on Monday afternoon that furloughs and job cuts have started to hit the firm’s recruiting staff. A source told us: As of right now, it is most […]

Pay Cut Watch ’20: Marks Paneth Partners Bearing the Brunt of the Burden

Let’s hear it for the partners at Marks Paneth, who we were told are taking it on the chin so there won’t be any pandemic-related staff layoffs at the top 40 accounting firm. Apparently Managing Partner Harry Moehringer recently summarized for staff some of the pruning of costs that the firm is undertaking. According to […]

Pay Cut Watch ’20: Here’s What We Know About the Salary Reductions and Other Stuff at CohnReznick

Just the other day Adrienne and I were chatting on Slack about which public accounting firms among the top 15 or so in the U.S. have we not heard a peep about in regards to job cuts, pay cuts, or furloughs. One firm brought up was Plante Moran. The other was CohnReznick. Interesting timing because […]

Pay Cut Watch ’20: Cherry Bekaert Is Slashing Salaries Between 5% and 15%

[Updated with additional information.] Cherry Bekaert is the latest midtier public accounting firm to tighten its belt during these crazy and uncertain economic times caused by the coronavirus pandemic. We were told that Managing Partner and CEO Michelle Thompson outlined staff pay cuts in an email this morning. The pay cuts will last through July. […]

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Bonus Watch ’20: EY No Longer Giving Out Senior Manager Promotion Bonuses

There was a lot discussed during an EY Americas all-hands webcast this morning, including updates on layoffs and permanent and temporary cost-cutting measures. So, let’s get right to it. 1. No layoffs through the end of June: Back in late March, EY US Chair Kelly Grier said keeping all EYers employed during the COVID-19 pandemic […]

Pay Cut Watch ’20: Dixon Hughes Goodman Is Furloughing Some, Reducing Salaries For All

So, some stuff went down at Dixon Hughes Goodman today. No layoffs, according to a source, so that’s the good news. The bad news is there are DHGers who are being furloughed, plus everybody’s getting a pay cut. Here’s what we know right now: 1. Furloughs: According to our source, 17% of DHG’s workforce is […]

Bonus Watch ’20: EY Employees Aren’t Getting Performance-Based Bonuses, But Their Jobs Are Safe For Now

Checked in with two sources this afternoon who confirmed what I saw posted on Fishbowl yesterday: no performance-based bonuses at EY this fiscal year, but that decision was made in order to prevent layoffs during the COVID-19 pandemic. One source told me: That’s what we heard on the webcast yesterday. I think everyone appreciated that […]

Deloitte Australia Secures Bragging Rights As ‘First Big 4 Firm Not to Totally F*ck Staff Cuz Rona or Something’

In a Wednesday message to staff, Deloitte Australia CEO Richard Deutsch shared the good news that although the firm had instituted pay cuts earlier in the year when no one really knew how bad things might get, they’re pulling a Mike Ehrmantraut and making their guys (and gals) whole. Financial Review reports: Big four consulting […]

Moss Adams Employees Get to Ditch Their Spreadsheets For the Holidays

Welp, it’s been another depressing day covering the world of public accounting. About 1,400 people lost their jobs at KPMG on Tuesday, and since the pandemic started, thousands of other Big 4 employees in the U.S. have been let go from Deloitte, EY, and PwC. Another firm that put its employees through the ringer a […]

An Open Letter to EY Management

Ed note: An EY employee who wished to remain anonymous asked us to post this letter to EY management regarding the recent layoffs at the firm because “management tends to ignore our questions when we raise them internally.” Here is the letter: Integrity and honesty are the foundations of public accounting. With great trust, the […]

Pandemic Pay Cuts Didn’t Sit Well with One Deloitte Employee In Australia

Yesterday Adrienne wrote an excellent post about winners and losers in accounting during the coronavirus pandemic. I’ve got one to add to the losers side: Deloitte Australia employees. Why? Not only have most Australian Green Dotters taken a 20% cut in pay since May (which CEO Richard Deutsch said was “the least worst option” to […]

Moss Adams Is Giving Employees Back the Pay They Lost During the Pandemic

The last time we wrote about the latest happenings at Moss Adams, which was June 26, the firm was laying off 103 of the 370 employees who had been furloughed for 90 days starting in April. But we have some good news to share today from MA. In a message to employees on Thursday, CEO […]

This Person Is Really Guzzling the PwC Kool-Aid

Saw this posted on Fishbowl a little bit ago, and I’m really hoping this is just a sarcastic PwCer having a little fun while working and not someone who believes all the tripe that comes out of management’s mouths:If you think this person isn’t being sarcastic and is trying to be a good soldier at […]

Deloitte Australia Has This Corporate Bullying Thing Down Pat

“It’s using COVID as a lever to change their working conditions. They have no choice — if they say no to the pay cut, they may lose their job, if they say yes, they might lose their job anyway. “Most would have accepted a pay cut because they thought it would save jobs. “In their […]

Does Punit Renjen Not Realize Deloitte U.S. Is Laying Off Thousands of People During a Pandemic?

While I’m sure he had good intentions, the timing of this tweet by Deloitte Global CEO Punit Renjen is a little questionable given that Deloitte U.S. is currently getting rid of roughly 5,000 or so employees and furloughing many more during the COVID-19 crisis. How’s that helping these people thrive during the worst pandemic in […]

Rumor Mill: PwC Canada Strongly Encouraging Tax Staff to Work Less So They Don’t Have to Fire You

PwC of the Canadian variety is apparently asking forcing its tax staff to volunteer agree to reduce their work hours with a corresponding reduction in pay to avoid layoffs. Hmmm, how did that work out for Deloitte Canada? Here’s a tip we got over the weekend: PwC Canada Tax announced this week: All staff can […]

BKD Poaches Someone From KPMG and Issues a Press Release, Part I

Before BKD CPAs & Advisors did a little housecleaning a week or so ago, the firm hired a guy from KPMG to be its newest director in the International Tax Services division. Josh Zellerman was a four-year vet of the Radio Station before jumping to the St. Louis office of BKD earlier this month. He […]

PwC Australia Staffers Looking at Pay Cuts of Up to 40%

Another day, another big accounting firm slashing staff salaries during the COVID-19 pandemic. This time it’s PwC Australia. At least P. Dubs hasn’t laid anyone off (yet) like KPMG Australia did. The Australian Financial Review reported today: Big four consulting firm PwC will cut the hours and pay of under-utilised staff by up to 40 […]

BDO USA Staff Are Back to Getting Their Pre-Rona Paychecks

It feels like it’s been four years, not four months, since BDO USA told employees their paychecks would be a little bit lighter for a while as the firm began to navigate the rough waters caused by everyone’s favorite pandemic. But that 5% to 10% pay cut BDO staff had to endure from May 1 […]

Moss Adams Decides Its Employees Have Suffered Enough, Ends Pay Cuts Two Months Early

Some good news out of Seattle, as Moss Adams is ending employee salary cuts earlier than expected—the second top 12 U.S. accounting firm to do so this month. Back on Good Friday, Moss Adams announced some pretty drastic cost-cutting measures because of the COVID-19 pandemic, including: Employee pay cuts ranging from 5% to 20%. 20% […]

The COVID-19 Pandemic Is Causing Many Accountants (and a Whole Lot of Consultants) to Freak Out About Losing Their Jobs

OK, let’s talk about layoffs and accountants. The COVID-19 pandemic and the resulting dumpster fire that is the U.S. economy has quite a few capital market servants worried about losing their jobs. And some have taken to sites like Fishbowl and Reddit to voice their concerns. The thing is, nobody knows what’s going to happen. […]