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Layoffs should be your least concern at this point.

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Go to bed

smart

I wouldn’t worry about a restructure

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Deloitte issued a formal statement denying this.

So did Clinton, back in the day

likefunny

As an analyst, you would be pretty un-impacted by layoffs (you’re cheap, so we lay you off last). SMs, then Ms, take the brunt of the layoff hit. Seniors will get laid off too, but that usually starts with the low performers and those with a lot of bench time.

The potential restructure won’t induce any immediate layoffs. Deloitte came out and denied that any talks were occurring. PwC told employees it isn’t happening as well. EY is currently going through discussions, but I doubt anything would happen right away since the Partners would need to hash out the final details of it all.

This was all just a long way of saying don’t worry

I agree. I don’t think EY would split, regardless of the market. It has been tried too many times previously and failed. Accenture is the only successful example

Why do you think there would be any layoffs?

Restructuring doesn’t change the actual amount of client demand.

Audit will shield consulting a little bit, PWC4. So we will become somewhat more volatile if we are consulting only.

helpful

Im pretty sure the big four will split off the audit practice. Why would there be a need for severe restructuring if the non-audit consulting practices produce high margins with consistent revenue on their own? Of course, we’ll see who has the profitable non-audit businesses.

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