If you have interviewed with a large mid-tier accounting or advisory firm recently, there is a surprisingly good chance that private equity is somewhere in the background. Over the past five years, private equity firms have poured billions of dollars into the accounting profession. What started with EisnerAmper and TowerBrook Capital Partners in 2021
EY announced on August 31 that it is investing $100 million in a new employee rewards program designed to recognize workers who embrace technology, innovate, demonstrate leadership and develop what the firm calls “future-focused skills.” On paper, $100 million sounds impressive. In practice, the announcement may land very differently with EY employees who just
Updated September 1, 2026 KPMG Australia is facing one of the most serious crises in its history following allegations that confidential client information was improperly shared inside the firm and used to support pitches for lucrative audit engagements. The controversy has expanded beyond the original data-sharing allegations. It now includes questions about how KPMG
EY employees have begun sharing their FY27 compensation results, and the early picture is decidedly mixed. In the annual compensation thread on Reddit’s r/Big4 community, employees are posting their location, service line, level, performance rating, salary adjustment, bonus and—perhaps most importantly—their reaction to the numbers. While some employees reported double-digit salary increases, particularly around
Private equity's march into public accounting reached another major milestone in 2026 when Crowe, one of the largest accounting and consulting firms in the United States, accepted an investment from KKR. The transaction officially closed on August 7, 2026, with KKR investing in the newly created Crowe Advisory LLC, which now houses Crowe's tax,
In 2026, while other Big 4 firms made headlines for layoffs, Deloitte took a quieter—but arguably more important—approach. Instead of cutting large numbers of employees, Deloitte is changing how its workforce is structured, compensated, and managed. At first glance, it looks like a routine internal update. It’s not. This is one of the biggest
Layoffs at EY have intensified throughout 2025, reaching deep into the U.S. firm's core service lines: Audit, Tax, and Consulting. While layoffs have been ongoing globally, the U.S. has seen a distinct pattern of staff being quietly let go—sometimes regardless of performance. This post breaks down which service lines are being hit, what levels
Each summer, professionals at EY await updates on compensation—raises, promotions, and bonuses that reflect their hard work and market trends. FY26 (summer 2025) was no exception, and Reddit’s r/Big4 and r/Accounting communities once again served as a valuable source for firsthand data. This post breaks down the trends, numbers, and reactions from employees across
PwC Begins Major Workforce Cuts PwC is undergoing one of its largest workforce realignments in recent years. In its latest fiscal year, the firm cut approximately 5,600 jobs globally, a significant reversal from earlier hiring goals. These reductions span support roles, client-service teams, and specific international regions that have seen major market disruptions. While
Deloitte Layoffs 2025: Navigating Federal Consulting Cuts and Industry Shifts In April 2025, Deloitte, one of the "Big Four" accounting and consulting firms, announced a round of layoffs within its U.S. operations. These cuts primarily target the Government and Public Services (GPS) division, a segment heavily reliant on federal contracts. While the firm has
