Pro
Related Posts
Got an interview with Amazon within their Advertising department. I hear working for Amazon can be great if you get into the right department. Anyone have insights to their advertising department? Good or bad? Also, would love some interview tips if you have them! (It’s for an Executive Assistant position) thank you!
More Posts
Like, I dunno man, you okay...?
I have raised a laptop replacement TT but it haven't even dispatched & I'll be going back to Bangalore in 5days, so if the laptop doesn't get delivered to me before I go off to Bangalore, can i raise another TT & get it exchanged in the office??? Please help, if you know what can be done here !!! Amazon
Additional Posts in Accounting
How do I invest in ETHOS?
TWD episode though!?
Happy Ramadan to my Muslim peeps!
Is the CFE pretty easy?
New to Fishbowl?
unlock all discussions on Fishbowl.
I had an interview at EY recently and that was one of the things I asked the Partner about. They said that because of EY split, they’ll have to hire even more people. Take that with a grain of salt, but the consensus is that Big 4 won’t be affected.
Pro
Good info
Never a mistake to jump from mid tier to big leagues. You will learn so much more. Just make sure you get the right comp package for your level ✌🏼
What about the opposite? Currently I’m at a big4 and debating a move to a smaller firm. Sick of some the cutthroat “colleagues” I have to deal with.
Rising Star
There haven't been layoffs at big 4 firms
If you know we're about to be in a recession you should just make money shorting stocks
I might be out of the loop. But I haven't heard of layoffs at big4.
What kind of experience do you have?
Unemployment rate is still very low
All of the Big 4 are understaffed. Other than performance issues, you're not going to see layoffs any time soon.
I'm an advisory partner, so yes.
You’re chilling, public accounting needs too many bodies for layoffs currently
Rising Star
What layoffs?
Chief
Tech is bloated. Too many underperforming people, decreasing margins
Rising Star
If your audit or tax you will be fine. Advisory you may want to worry a little depending on your service line. At the end of the day every public company needs an annual audit and every company still has to file taxes regardless of the state of the economy.
Pro
True. I’m in fed tax.
Sometimes I wonder if this is a narrative to curb the Great Recession
Rising Star
Most of us arent fooled lmao there’s still a historical number of openings and recruiters wont leave us alone
Pro
There are no layoffs. You people who are too young to remember 2008 really need to get a grip if this is what you think represents a bad economy.
Yes, or the dot com - 9/11 bust or the early 90s recession after the invasion of Kuwait, where unemployment was almost 8%. This is nothing, yet.
I haven’t really seen any layoffs in tax, especially federal tax. Then again, we are so short staffed that people are working insane hours. I thought WLB was bad pre-pandemic. It’s on another level now lol
In August, I got Covid and then I told the team in the meeting on Monday that I am getting covid. She assigned me the task in that call and said that hopefully you can get it to me by Friday given you need some time to rest LMAO
Chief
I wouldn’t be concerned, based on how short staffed we are. Even if you are laid off, other firms will hire you.
Pro
True good point
IRS is hiring :)
So that you can have an actual life outside of work.
I wish I’d gone into government early in my career. Now the pay drop would be too much of an issue. But if I could start over I’d go straight out of college to the IRS or to some government accounting role.
Baker Tilly has no lay offs, continued need for staff, seniors, and managers. Lots of hiring
Baker tilly aint a big 4 🙅🏻🙅🏻♀️😂
Now is a good time to make the jump, we’re hiring
No worries in PA tax. You’re good.
Leave. U can always go back
I was concerned about the same thing but with how short staffed PA is, my guess is if they had to let anyone go it wouldn’t be recent hires but the poor performance employees
Why would a firm layoff a new hire? Wouldn’t they be hiring you to fill a specific need?
They actually follow FIFO. The older staff more experienced staff are too costly. We don’t actually care about doing the job well. Just well enough. As long as there’s younger cheaper staff that can replace you, then those too high on the pay band are out if progression isn’t viable. At the staff and senior level though we are so understaffed it’s not a concern.
Big 4 are still focused on experienced hires. One of them drew a second year staff from a regional firm where I worked who thought private audits were too demanding. No public experience at all. They would spend about a half day on control testing and walkthroughs—all of them. Now making more than I was paid as a manager (with 5 years of Big 4 experience). Not going to say it’s not possible, but given all their investing to try and fix short-sighted decisions they made in 2020, I’d say it’s unlikely. I made the move to consulting this year and now I’m sweating it a little bit. I keep hearing utilization is soft right now, especially with IPO activity pretty much falling off a cliff this year.