Grant Thornton Layoff Numbers Are In (UPDATE)
Ed. note: We’ve received some additional information about layoffs, see update at the bottom. The other day Grant Thornton sent out a firmwide email packed with words like “difficult but necessary decisions,” “values and culture,” and “continued investment in growth” to inform everyone that heads were soon to roll. While pointing out that “unlike peers,” […]
Carmine Talks About AI Putting HR Out of a Job, Attrition, and a Rough Labor Market
EY Global Chairman and CEO Carmine Di Sibio and King Charles III stan showed up on Squawk on the Street today talking about the labor market and, more notably, how the firm is using an AI chatbot to answer payroll questions. The AI segment begins around 3:05. He also discussed hiring, saying they’ve been seeing […]
Layoff Watch ’23: If You Work at Grant Thornton, You Might Not By the End of the Week
Earlier this afternoon we received a tip: Grant Thornton to perform layoffs across the firm. Numbers unknown. Areas impacted unknown. Well then, that’s not very helpful is it. A quick search uncovered this Reddit thread from a few hours ago which along with many comments about how these hoes ain’t loyal contains what appears to […]
Deferred Start Dates Are a Good Thing?
Staci Zaretsky wrote about deferred Biglaw start dates on Above the Law today and while law ≠ accounting, the sausage factory of the Professional Services Industrial Complex™ is pretty much the same thing. Let me add, we’re beginning to see delayed start dates in our little corner of the billable hour universe so this might […]
What TF Is Going on With Deloitte Promotions?
It’s promotion time at Deloitte and what is usually a time of celebration has devolved into disappointment and confusion for many. We’ve been tipped to unexpected promotion results and pointed to a thread on r/Deloitte that breaks it down: I just met with my coach and although I was rated as strong in all categories, […]
Layoff Watch ’23: Deloitte Makes Some Cuts in Risk & Financial Advisory (UPDATE)
Apparently a 3% reduction was announced in an RFA (Risk & Financial Advisory) all-hands call today (April 20). Saw only one mention of it on thelayoff and many, many on Reddit. Like this one on the Deloitte sub: According RFA All Hands: 3% of RFA will be laid off, most of which will be in […]
PwC Australia Says It Will Not Be Firing People Just Because Client Work Slows Down
A few short weeks ago, KPMG US cut a few hundred advisory jobs and KPMG Australia followed close behind with a reduction of about 200 or two percent of its approximately 10,000 staff. This, they said, was due to a slowdown in consulting work. When Australian Financial Review wrote up the KPMG cuts, they mentioned […]
EY Might Not Make Buckets of Money From This Split Thing After All
The Wall Street Journal has an article today suggesting that the EY audit/consulting split may not be the big money pay day EY is banking (heh) on. Why? Consulting is a competitive market and the economy isn’t looking so great these days, and EY’s separated consulting biz will not necessarily have the brand recognition in […]
According to the Results of This Survey We’ve Been Waiting For, CPA Execs Are Less Optimistic on the Economy
Disappointingly, I snoozed through the alarm I set for 6:59 AM and therefore I completely missed the release of this information I have been waiting anxiously for since they told me to start waiting anxiously for it on Monday. BUT HERE IT IS, the AICPA Economic Outlook Survey: NEW YORK (Dec. 5, 2013) – Business […]
The Fire Is Really the Most Engaging Part of McGladrey’s Fireside Chat
You can sort of tell this is not going to end well as soon as the camera pans out and you spot Bloomberg Senior Economist Joe Brusuelas' white socks. It all goes downhill from there. In this chaming fireside chat with McGladrey's Joe Adams and McGladrey client Shurtape Technologies CFO Don Pomeroy, Joe reminds us […]
Just What the Accounting Industry Needs, Another Article About How Great the Job Market Is
Not sure if you guys heard but the economy kind of sucks. In fact, it's kind of sucked for going on a few years now but many of you would have no idea just how bad it is because the unemployment rate in accounting is so low that all you really need to get a […]