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Wouldn't people who were hiring the big guys switch to middle market companies since the former are suddenly too expensive?
Tax was the first at pwc to automate cutting out thousands of hundreds of thousands hours automating tax returns notices. Deloitte also has automated large parts of the compliance. RSM doesn’t want to invest any money and fears losing billable hours. What they don’t get is that the big four automation will allow them to compete on price against RSM and be more profitable.
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After the financial crisis, EY and KPMG fired 25% of their Advisory practice. This is worse.
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