Just how many people left Big 4 firms — voluntarily or not — in 2022? About 56,600 according to this CFO Journal piece published on WSJ this morning. For this year, the number is about 21,400 through June, a 11.6% drop from the same period the year prior. That’s from workplace data analyzed by Revelio Labs. This year marks the first year the number of leavers has decreased rather than increased since 2019.
The article also says job postings at Deloitte, EY, and KPMG across all service lines were down 76% in July from the year before per analysis by investment bank William Blair & Co. They don’t track PwC “due to an inability to determine the number of positions on its internal job postings board” but PwC recruiters we’ve spoken to say they’re still doing plenty of hiring. The decrease in hiring is attributed to low attrition, decreased client demand for services, and firms overhiring prior to the business slowdown. Commenters are welcome to drop their own theories in the comments.
So there’s no shortage then, right?
Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal [WSJ]