Please ensure Javascript is enabled for purposes of website accessibility
September 29, 2023

Armanino Employees Were Made Whole For the Holidays

According to a tipster, here’s the latest news regarding employees getting their money back at Armanino, the 21st largest CPA firm in the whole damn nation:

Back in April, everyone took a 10% pay cut as a result of COVID. Yesterday [Dec. 17], our CEO Matt Armanino announced during our fourth quarter webcast that the firm is going to pay us that money back before year end. Armanino is crushing it compared to our peers.

Crushing it, huh? How do you know Wipfli (No. 20) isn’t crushing it? Or Andersen (No. 22)? Or Citrin Cooperman (No. 23)? But we like your exuberance, tipster.

Not only did Armanino employees lose 10% of their salaries as part of COVID-related cost cutting, but we were told by sources that 8% of the firm’s workforce was let go on April 7.

We know it’s been a tough year for most accountants everywhere, so congrats to those of you at Armanino for hanging in there and riding out the storm. Seems like y’all are ending the year on a positive note.

Related article:

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

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Prager Metis building in Decentraland

Prager Metis Just Got Thoroughly Boned By the SEC For Hundreds of Independence Violations

It’s not every day you get to witness a firm getting hit with HUNDREDS of independence violations in one fell swoop. Well today Prager Metis got the independence violation high score in an SEC complaint alleging a mess of them. From the SEC: The Securities and Exchange Commission today announced charges against accounting firm Prager […]

what in the actual hell on a sign

This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay

Ed. note: the original story included quoted, attributed text from Chattanooga Times Free Press. We’ve removed this quote by their request after receiving a nasty email. Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. […]