Just received a text asking about layoffs in the Big 4 in tax. I don’t know of anything. Who is laying off tax talent right now?! Tax reform could happen again in literally a few months!

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Even if we have a new president I doubt a “reform” would be passed so quickly. Easily 15 months. I think firms are using covid as a way to cut the fat. Even if they cut too deep, it’s easier/cheaper to hire than to fire

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It’s not easier to hire than to fire...

EY is.

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Years away from reform and it won't be as crazy as TCJA. Probably just some individual reforms/repeals and a meaningful increase to corporate tax rate (perhaps 25-30%)

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I'm not saying it's going to be easy to pass, but if Biden wins, there is a very high probability that democrats will take the senate as well (fingers crossed and per nate silver/538 models)

Deloitte has some layoffs in tax awhile back.

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Plenty of EY people in tax in PAS let go

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Can't blame any firm if this was a result of a downturn in the economy. Otherwise, firm leaders are accountable.

Not well timed and very short-sighted for firms to be doing this during busy season.

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What busy season? Tax is about to finish. Audit is about to start but from what I’m hearing the audit practices are a bit overstaffed

Kpmg has already had layoffs in digital group and marketing. Now executive assistants are up on the chopping block. It will be ugly.

No layoffs at PwC other than performance based cuts each year

Don’t think pwc ever went to a qualitative eating system.

I’ve seen rumors or more layoffs at Deloitte, but that is questionable

10/15 is a big deadline

They laid off tax people after 9/15

EY is having layoffs

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