Alright, I get the middle mkt is not doing well, therefore, RSM will be carrying the effects for a while. How has this pandemic affected the Big Four? How will it impact the Big Four?

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Posting as :
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We’ll become the Medium4

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Not so bad yet

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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?

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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.

After the financial crisis, EY and KPMG fired 25% of their Advisory practice. This is worse.

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Source?

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