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May 27, 2023

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Friday Footnotes: The ERC Problem; EY Double Dips; Stress Less in Public Accounting | 5.26.23 AICPA Council Approves 12-Point Plan to Do F*ck All to Solve the Accountant Shortage Grant Thornton Layoff Numbers Are In (UPDATE) EY’s Landlord Didn’t Pay the Mortgage on the Downtown LA Office Building PwC Chief Products & Technology Officer Says Not to Worry, They Don’t Want to Replace You With AI
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Layoff Watch ’10: Grant Thornton January Edition

by Caleb Newquist

We’ve confirmed that an all-personnel call went out at Grant Thornton today warning everyone at the firm about upcoming layoffs.
One of our sources told us that the audit practice leader stated that it would primarily be cuts at the senior manager and partner level and that they are to take place “immediately”. Our source indicated that non-client serving personnel would also be affected.
Another source told us that there would be restructuring at the partner level which could be coming down from the new senior leadership team that the firm announced yesterday.
We are still trying to obtain details about the timing and number of professionals that may be affected. A Grant Thornton spokesperson has yet to return our email seeking comment. If you’ve got more details to share about the call discuss below or if you prefer to send us the details, get in touch.
Earlier coverage of Grant Thornton Layoffs:
Layoff Watch ’09: Grant Thornton December Edition
Layoff Watch ’09: Grant Thornton Update
Layoff Watch ’09: Grant Thornton

We’ve confirmed that an all-personnel call went out at Grant Thornton today warning everyone at the firm about upcoming layoffs.
One of our sources told us that the audit practice leader stated that it would primarily be cuts at the senior manager and partner level and that they are to take place “immediately”. Our source indicated that non-client serving personnel would also be affected.
Another source told us that there would be restructuring at the partner level which could be coming down from the new senior leadership team that the firm announced yesterday.
We are still trying to obtain details about the timing and number of professionals that may be affected. A Grant Thornton spokesperson has yet to return our email seeking comment. If you’ve got more details to share about the call discuss below or if you prefer to send us the details, get in touch.
Earlier coverage of Grant Thornton Layoffs:
Layoff Watch ’09: Grant Thornton December Edition
Layoff Watch ’09: Grant Thornton Update
Layoff Watch ’09: Grant Thornton

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