Big Four Layoffs Hit Amid Uncertain Time for Accounting Pipeline
Talking Tax11 Jun 2025

Big Four Layoffs Hit Amid Uncertain Time for Accounting Pipeline

Recent layoff announcements at Big Four accounting, tax, and consulting firms come as the industry faces economic uncertainty and a shrinking talent pool. The accounting profession is at a crossroads as a new class of students graduate. While recent data shows heightened interest in both undergraduate and master's degree programs, the industry faces possible disruptions like workforce reductions and emerging artificial intelligence tools. Deloitte LLP announced in April it would lay off government consulting employees as the Trump administration slashed federal contracts. The firm said in a statement the personnel actions were based on its public-sector clients' "evolving needs," among other factors. PwC LLP plans to cut roughly 1,500 jobs, many in its tax and assurance practices, the firm said last month, after two years of historically low levels of turnover. The firm plans to slow down its campus recruiting and will offer fewer internships for next year. But PwC announced this week it plans to reorganize its US advisory business, doubling the number of divisions from four to eight. The move "is being approached from a position of strength," according to a statement from PwC US advisory leader Tyson Cornell. Peter Demerjian is the director of the school of accountancy at Georgia State University. Namaan Mian is the chief operating officer at Management Consulted, a professional training and coaching organization. Demerjian and Mian spoke with Bloomberg Tax reporter Jorja Siemons about the recent layoffs, the industry's embrace of AI, and potential impacts on the industry's next generation. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(430)

IRS Workforce Cuts to Impede Progress on AI, Modernization

IRS Workforce Cuts to Impede Progress on AI, Modernization

Deep cuts to the IRS workforce mean the agency might have to rely more heavily on technology to keep up taxpayer services and enforcement. The IRS is set to lose 20,000 workers after the Trump admi...

16 Apr 202520min

Tariffs, Trump's Global Tax Snub Hit OECD Negotiations

Tariffs, Trump's Global Tax Snub Hit OECD Negotiations

The Trump administration's massive new tariff pronouncements, on top of its pullback from the OECD’s global tax deal, have cast doubt on the future of global tax policy efforts.   The two-pillar OECD...

9 Apr 202530min

What the Changing IRS Workforce Means for Taxpayers

What the Changing IRS Workforce Means for Taxpayers

The hard-charging effort led by billionaire Elon Musk to reshape the federal workforce at the IRS and other agencies might lead to lasting changes. But what it means for taxpayers still isn't fully re...

2 Apr 202520min

Corporate Transparency Act Rules Rollback Shakes Suits

Corporate Transparency Act Rules Rollback Shakes Suits

Millions of US companies are off the hook when it comes to disclosing their beneficial owners' identities to the federal government, after the Trump administration announced it wouldn't enforce penalt...

26 Mar 202515min

Tax Cuts, Credits Hang in Balance for NY Budget Talks

Tax Cuts, Credits Hang in Balance for NY Budget Talks

New York officials are in the final stage of the state’s budget process, following March 13 passage of the Assembly and Senate individual spending and revenue proposals for fiscal 2026. It's now up t...

19 Mar 202517min

Tariffs Shake Up Companies' Transfer Pricing Planning

Tariffs Shake Up Companies' Transfer Pricing Planning

Tax departments at multinational companies are scrambling to keep up with the Trump administration's tariff announcements as the updates pile in day to day and sudden shifts complicate transfer pricin...

12 Mar 202524min

Treasury Equity Hub Caught in Trump's DEI Crosshairs

Treasury Equity Hub Caught in Trump's DEI Crosshairs

President Donald Trump's early executive order to end federal diversity, equity, and inclusion programs upended at least one team in the Treasury Department. The Treasury Equity Hub, formed in 2021, e...

5 Mar 202515min

US Audit Board's Future Depends on Trump, GOP Moves

US Audit Board's Future Depends on Trump, GOP Moves

The US audit board has already been forced to revise its priorities as the Trump administration begins to reshape the federal government. The Public Company Accounting Oversight Board pulled an audito...

26 Feb 202517min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
stopp-verden
forklart
i-retten
lydartikler-fra-aftenposten
popradet
rss-gukild-johaug
det-store-bildet
nokon-ma-ga
dine-penger-pengeradet
rss-ness
aftenbla-bla
hanna-de-heldige
fotballpodden-2
rss-dannet-uten-piano
grasoner-den-nye-kalde-krigen
frokostshowet-pa-p5
e24-podden