Big Four Layoffs Hit Amid Uncertain Time for Accounting Pipeline
Talking Tax11 Juni 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.

Avsnitt(431)

Accounting Leader Calls for CPA Training to Evolve

Accounting Leader Calls for CPA Training to Evolve

Training for CPAs must evolve to focus on the skills and experiences necessary to meet future market demands, the leader of the largest US accounting industry group said. Barry Melancon, president and...

10 Juli 202431min

New IRS Criminal Division Chief Carves Out Priorities

New IRS Criminal Division Chief Carves Out Priorities

The new chief of the IRS criminal division wants America to know he’s hiring special agents, and they’re fulfilling their mission to investigate tax and financial crimes. Guy Ficco started his new gig...

2 Juli 202421min

High Court's Moore Ruling Sharpens Wealth-Tax Debate

High Court's Moore Ruling Sharpens Wealth-Tax Debate

The US Supreme Court brought a muted end last week to its biggest tax case in years, but the arguments that propelled the case are far from over, especially about what the court’s ruling could mean fo...

27 Juni 202424min

How the Wealthy Are Prepping for an Estate Tax Clip

How the Wealthy Are Prepping for an Estate Tax Clip

Wealthy taxpayers are rushing to prepare in case a more generous exemption from the estate tax expires at the end of 2025 along with many of the individual tax cuts from the Republicans' 2017 tax over...

18 Juni 202420min

Colombia Official Talks Global Tax Deal, Mineral Trade

Colombia Official Talks Global Tax Deal, Mineral Trade

Countries are under pressure to finalize and sign the text of the OECD's multilateral tax treaty, one part of the international tax deal known as Pillar One, by the end of June.  Several OECD official...

12 Juni 202426min

Companies, Countries Respond to the Global Minimum Tax

Companies, Countries Respond to the Global Minimum Tax

Six months into implementation of the new global corporate minimum tax, countries are racing to craft incentives to attract and maintain outside investment. Companies, too, are pouring resources into ...

5 Juni 202419min

Programming Note & UnCommon Law Episode: AI Trained on Famous Authors’ Copyrighted Work. They Want Revenge – Part 1

Programming Note & UnCommon Law Episode: AI Trained on Famous Authors’ Copyrighted Work. They Want Revenge – Part 1

Talking Tax is on hiatus for a bit while we create some great new episodes for you. Until then, we're pleased to offer a special presentation of our ABA Silver Gavel award-winning series, UnCommon Law...

3 Maj 202427min

How EY Is Tackling Global Minimum Tax Compliance

How EY Is Tackling Global Minimum Tax Compliance

The new 15% global minimum tax that took effect this year is turning out to be compliance beast. The tax, which is part of an international tax deal agreed to by more than 140 countries in 2021, conta...

24 Apr 202417min

Populärt inom Politik & nyheter

svenska-fall
aftonbladet-krim
p3-krim
rss-krimstad
fordomspodden
flashback-forever
motiv
rss-sanning-konsekvens
aftonbladet-daily
blenda-2
spar
rss-krimreportrarna
svd-ledarredaktionen
olyckan-inifran
rss-frandfors-horna
rss-vad-fan-hande
rss-flodet
dagens-eko
krimmagasinet
politiken