So, when is the first round of layoffs happening because of the "recession"?

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Won’t happen, we are already short staffed.

likesmart

Agreed, won’t happen until there’s people sitting around with nothing to do

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I think the firms that were quick to react with layoffs during covid will be slower to follow that path unless there is a significant downturn. I am concerned that the first place cut in every downturn is travel. We dont have that option this time and headcount is the only significant other expense that is easy to cut. I’m also not convinced that top leadership feels we are significantly understaffed.

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Audit is usually very safe in recessions, and the amount of work has always been increasing. I think the reaction firms had during covid will be greater than this upcoming recession

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Considering we’re offering 10k referral bonuses still, never

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If anyone Senior+ wants to apply, I’ll split the bonus 50/50. Easy money

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PA and Industry are short staffed. We are good.

Yeah right, same thing was said before COVID

Never in public accounting for audit and tax. I’ve been at BDO my whole career and never have seen anyone get laid off in audit or tax because of economic conditions. Compliance based services don’t hurt much, but consulting work that’s a different animal.

We are very short staffed so I wouldn’t buy that hype.

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