The big 4 are once again getting ready for a downturn. The downturn has already hit the consulting market and Deloitte is making moves to address. They are going through a huge internal restructuring to deal with this. This is reportedly the largest reorganization in a decade for Deloitte. There will be 2 new

For the fiscal year ended September 30, 2023, KPMG announced revenues of $36 billion. This represents growth of 5%. Headcount grew to more than 273,000 people globally. This represents a growth of about 3%. Audit grew by 7%. Tax grew by 10% and Advisory grew by 4%. That is pretty bad news for KPMG.

In a recent Wall Street Journal article, PwC stated that they plan to limit the consulting services that they offer clients. They plan to do this by 2025 for their SEC audit clients. They will do this by employing a number of new policies when performing consulting projects. One huge piece of news in

PwC Canada recently laid off about 2% of their workforce in silent layoffs. What does this mean for everyone? To me this doesn't mean that much. The big 4 have been warning for months that the economy isn't good. Many have said that they won't fire people, but obviously PwC isn't one of them.

The Guardian featured an opinion piece criticizing the big 4 this past weekend on June 3. They were mainly criticizing PwC, but they also threw some shots at the other firms. They started out with mentioning the size of the big 4 and how much revenue they make. They also mentioned how much revenue

2023 has proven to be a tough year economically for many companies. There has been a huge lift in the tech market related to AI however other industries have suffered. Consulting is one of those industries and that is why the big 4 accounting firms have started to lay people off. Most of their

Grant Thornton has announced that they will be laying off 300 people in the United States. This is about 3% of the US workforce. Grant Thornton is based in Chicago Illinois. KPMG and EY have already said that they will also have layoffs. EY said that they will lay off about 3,000 people in

PwC leaked the inner working of the Australia Tax Office over a number of years. That leak was uncovered in 2023. This leak occurred in 2023 by a PwC partner named Peter Collins. How did Peter receive this information? He was helping the Australian government design better tax laws. On its face this isn’t

Pwc employees forced back to the office in 2023 Tim Ryan held a webcast in the first week of may 2023 to let employees know that they would have to start working from the office again. People have to remember that the covid-19 pandemic created a whole work from home culture. Many high level

Earlier this week, on April 11, it was announced that EY was putting the brakes on their breakup plan. Carmine Di Sibio was certain that the plan would go forward. He reiterated that the plan would move forward despite earlier warnings that it would not. Now it is confirmed that the deal, as it