Why are almost all Big 4 firms struggling and laying people off so much?

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Posting as :
works at
You are currently posting as works at

But also why are your hours so low?

-also management

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We intentionally over hired to reduce overtime

-management

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More the same, our industry sees ups and downs. This app just makes it easier to stay informed 😂. Also people like to complain and comment on unsubstantiated rumors on here which makes it all seem worse than reality.

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If everyone isn't working 60 hour weeks minimum year round we're over staffed. Time to immediately trim the fat again.

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For small public jobs, shit tier firms can do 1/2 the work we do because the PCAOB grades big 4 different than nonB4. They can then come in at half our fee. For small nonpublic jobs, we've got to do a better job of doing noncomplex audits, we tend to do too much work on small jobs.

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Because they are not able to compete with lower tier consulting companies and more and more of these are popping up now snatching the work away from Big 4.

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Ageeed PwC2. It's all about the cost/value relationship in the end.

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Agreed PwC2. We're too damn expensive to be competitive.

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Related Posts

Is it better to quit or get laid off? I know what to look for when being pushed out and with a combination of the work I don’t have and the work the firm seemingly doesn’t have, it just feels like a mess. I’ll note I have other job offers lined up because I felt uneasy here for a bit.

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Is Deloitte USI specifically in Oracle Cloud Technology, Is it doing layoffs? Level Senior Consultant

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do any consulting firms in the US (MBB, Big 4) sponsor MBA programs outside of the country (e.g. London Business School, HEC Paris, INSEAD)

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Hey everyone, I was recently laid off from Meta. I am a senior technical recruiter, who also served 20 years in the military. I am looking for new positions working in San Diego or remotely. Any help would be much appreciated. Thank you so much.

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Anyone hiring those who have been out of work for a year? I took time off to tend to personal matters, but I am now looking to get back into the workforce again. My previous experience includes time at B4 audit up to senior level and then transitioned to manager in industry. Senior/manager roles are preferred.

I don’t mind audit. However, I’d prefer it not to be at a B4, as I am looking for some semblance of a work life balance.

DM me if you have something above, thanks.

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Planning to do a PRM or FRM qual. How useful is it to move from Big 4 Risk and reg consulting to industry? Finding it hard to get anything other than non-PM roles

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Considering a move from a B4 to the West Monroe deals practice. Any insights from people working there or who worked there?

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Ok so another FAANG has confirmed layoff this week. Amazon joining the layoffs group with 10k layoffs!!

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Thoughts on offer. 5.5 YOE in BV / M&A. Broad experience over that time in Valuation advisory and strong network within current firm - anticipating 5-7 yrs to partner where I am. CPA / ABV. M2 current. Current salary $125k. Offered $150k + $7.5k SOB for a lateral move to much bigger (not b4) PA firm. Probably weaker prospects of accelerated partner track.

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Thoughts on Veteran status and the ongoing corporate layoffs?

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Looking for respectful ways to manage helping people in need of a job or seeking mentorship. I get 3-4 requests a week from mutual contacts asking if I can connect with a former colleague (always broad). Typically the ask is a 30-45 min call. I’ve been laid off, I know how hard a time it is, but equally am working long hours, parenting and want to reserve time for those I know. How do others manage these extra calls into their weeks?

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A. Typical salary for senior analyst / associate in corp dev at a bulge bracket?

B. Is it worth exiting from big 4 strategy?

C. How does a corp dev role compare at a bank vs other companies? Is it prestigious?

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Hi all,

Seeing some posts on layoffs in barclays. Is it true and which category of Employees will fall in that list.

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Alvarez & Marsal Currently a manager at Big4 FDD. Should I accept an offer with A&M as a senior? Also I'm worried about the upcoming recession and would like to hear your thoughts. TIA! PwC EY KPMG Deloitte Alvarez & Marsal

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Is it just me or do 90% of the jobs being laid off by big tech sound made up? Many job descriptions with multiple bullet points that all kinda revolve around the same idea. One of my buddies works for a big IT company and literally just sits on meetings all day. No one really contributing to anything other than agreeing to whatever the speaker is saying. Are these kind of jobs finally being exposed? Six figure employees getting paid to sit and bounce ideas off each other?

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One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

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Does anyone have any advice on how to convince yourself life is worth it when you think it’s not. I’m a 28 year guy, just got laid off from my job, have aspergers, have no friends, can’t find a gf, why do I even try anymore at anything

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Hi folks , what’s the salary range for Wipro Europe development centre (iDeas D&C) for B3 level Sr consultant ?

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Sry if this is not the right place to ask .. but I'd love to know at what age would you consider the latest to get engaged/married?

& At what age did you start checking your fertility status?

I'm 31, in a long-term relationship (7+) ... Known each other almost half my life. 32 is 6 months ago ... i'm scared for the future but I also don't know where to start. Do I need to start looking into the fertility stuff now?

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Ok, I’m gonna say this. Schools should open. Now hear me out. My wife is a family doctor, she is working insane hours, she is treating covid patients, and there is a lot of days when she has to stay at the hospital without coming home. My neighbour works in a local grocery store, so he has been at work since the Day 1 of lockdown. So if you need medical help, or want to eat, it’s ok for those people to be at work, but their kids have to stay home? Cont’d >>

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What does online assessment for professional means,?

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Any thoughts on Peter Millar suits? Quality, look, wear over time, etc..thinking of buying a couple while on sale at Nordstroms

Hello recruiters, happy Monday!

I want to know why recruiters ask me in an interview if I am looking at other opportunities, or if I am interviewing at other companies. If I say yes they will ask at what stage I am.

I just want to know the reason behind it and if there is a right answer to this question!

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How to complete TQ in Accenture

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How much does a Senior Consultant earn in London? In a consultancy firm.

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Can anyone suggest whether leaving Deloitte USI for IBM a good discuss overall?

Favorite road trips out of LA for a 3 day weekend?

Nine months in and already feeling so unmotivated. Busy season was tough but nonbusy time is even worse.

Ey work life balance

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Hello,

I’ll be done with my masters in Medical Biotechnology in December and have done my bachelors in pharmaceutical sciences.

I am thinking of looking for jobs but I am kind of confused. I don’t know what roles or positions to look up for. Any help will be appreciated.

Location: Canada

How much should a Scrum master project manager make with Deloitte in a HCOL city with 5 YOE?

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I renegotiated my start date and it’s different from the date I signed on the offer letter. Do I need to request a revised offer letter or is the email thread with the recruiter sufficient. By the way, my background check is already in progress.

Hi Fishes, I need your advice!

I joined CG 6 months back and was on training for 3-4 months for Dynamics CRM, completing multiple MS certifications. Post that I was mapped to an account for the project & was under shadow.

After shadow completed it seems like there's no project openings in the account for which I was selected. And now management wants me to go for other certs.

Please help me know whom can I approach & ask for project openings/tagging. I'm worried as it's already been 6 months!

IBM delhi giving 10,17,000 and wirpo bangalore giving 950000 .
which to choose for job security .
i heard ibm fires sometime? ? does it right? ? ?

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Have 6 YOE and currently a PM at a newly IPO’d company. Where / what level can I make 200k+ in base?

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How is PWC deals strategy over Accenture Strategy CN?

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Would you go agency side as a CD at $200k or in-house at FAANG as an AD at $190k+bonus+$125k in RSUs? 🤔

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Additional Posts in Accounting

If you left work at 6 and get a bunch of emails between 10:30-11:30pm am I supposed to answer them. Only saw them because I was studying for AUD on my work laptop.

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does booking sick date or vacation impact utilization?

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So my FAR passing grade expires in November and I am taking my last section BEC in October but won’t get the grade till December after my FAR grade expires. I won’t have to retake FAR will I?

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As an A3, I finally understand why people work so late in busy season. It’s because you don’t get any work done until 6 pm, when the pings and meeting finally slow down. I can’t work on something for more than 10 minutes without something else popping up.

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What are some considerations in mentioning your client name (advisory) on your resume? Obviously, no confidential information. What else?

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We have a big deadline on Monday morning. The new hire said he won't be available during the weekend due to some personal/family commitments. Any thoughts? How should I manage this situation?

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I’m in real estate tax group and looking for good books about RE fund/investments/accounting during non busy season. Any recommendations? Thanks!

At last, I'm finally dealing with a bad Senior. I can't wait to go back to my group.

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Are people who don't drink alcohol for religious reasons at a disadvantage because they don't attend happy hours and other drink-networking events? I feel as a dedicated person of faith, I am left out

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PwC people, does vacation negatively impact utilization the same way hitting G&A does?

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Good luck everyone ..... One hour to go until results

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Does Big4 file H1Bs as premium?

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Will internal transfer to Deals as A3 (2 busy seasons under belt)

standard promo in new group is 2 years staff.

Possible to make senior next year? (3 years at firm) or stuck staff lvl for 4 years?

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Auditing almost serves no value besides a few misstatements here and there. Every company and analyst is reporting on non-gaap figures. The numbers we don't even audit

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Is the CFE pretty easy?

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Signed a verbal offer pending a background check - have you told your current employer you're leaving before the background check process was complete?

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Public client seemed confused when I told them a copy of a JE and a one word description "void" wouldn't be sufficient evidence for the item selected for testing.

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When is the earliest I can leave without forfeiting my $5k promotion to senior bonus?

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One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

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Why do guys don't ask girls on dates anymore? I know this guy likes me, he already told me friends so but hasn't acted or done anything in respect to us hanging out alone, such as get food

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