Would Covid big 4 consulting layoffs have been worse if they had already split from audit? Steady revenues from audit during recessions seems to be the main reason for staying combined - wondering how necessary that is

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PwC didn’t lay off a single person for covid in the US. Just for clarity.

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It's definitely a hedge, but there are other hedges that consulting firms can develop. Look at ACN and their managed services business.

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Deloittes been expanding the products we build and sell as services, I’d put money that that becomes our hedge in the next decade

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Yeah audit is the least growth margin portion of most consulting firms so not a huge factor

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