{ "media_type": "text", "post_content": "Is it just me or does it seem like in the US market mid-sized firms have taken the biggest hit from the virus. Big 4 and maybe top 10 seem to be able to navigate with out paycuts or major layoffs abd", "post_id": "5ec193b19a31d4002a6fa4c5", "reply_count": 8, "vote_count": 8, "bowl_id": "599b9d5f9970bf0010772e8d", "bowl_name": "Audit Bowl" }

Is it just me or does it seem like in the US market mid-sized firms have taken the biggest hit from the virus. Big 4 and maybe top 10 seem to be able to navigate with out paycuts or major layoffs abd

likesmart
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No idea what you said

likefunny

I don’t think anyone has actually been hit hard yet it’s all in anticipation. Speaking of accounting firms only here.

likesmart

Agree with you on that. Just seems like mid sized have make more drastic cuts earlier than small or top 10.

helpful

Think about who makes up the client base for smaller and mid-market firms. Yes this makes sense they were hit harder at least on the front end.

likehelpful

Bigger companies have a smaller chance of going under, more sustainable cash flows for the bigger firms that provide them services, a lot of the mid-size firms are getting hit hard too though

likehelpful

The top 10, in my opinion, is not really a relevant grouping. That's just arbitrary grouping because "top 10" lists sound nice. There's the big 4. We all know they are in their own league. Then there's GT, RSM, and BDO. They are massive and have 6,500-10,000 employees, Then there are firms with 2000-5,600 employees (#8-21). CLA, Crowe, and CBIZ are not like magically in the same league as #5-7, just because they are #8-10. They have more in common with smaller firms. Then there's everybody else.

likesmart

Small local firms qualify for PPP and haven’t had pay cuts or layoffs? Are mid sized just manages thay lean or showing why the leaders aren’t in the big 4?

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