PwC US plans to lay off 1,800 employees – or 2.5% of its 75,000-person workforce – according to a report from The Wall Street Journal (WSJ).
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Accountancy
In the largest private equity transaction in the profession to date, Chicago-based Grant Thornton (FY22 net revenue of $2.3 billion), the 7th largest accounting firm in the country, has accepted a significant investment from New York-based New Mountain Capital.
Accenture (NYSE: ACN) has acquired akzente, a recognized sustainability consultancy. akzente helps companies across a broad range of industries including automotive, financial services, energy and consumer goods build sustainability into the core of their businesses and create sustainable value for their stakeholders. Terms of the transaction were not disclosed.
AlixPartners, the global consulting firm, today announced the return of Matt Jacques as a Managing Director in the firm’s Investigations, Disputes & Risk Practice. Matt brings more than two decades of experience as an auditor, forensic accountant, and regulator.
KPMG, one of the Big Four accounting firms, said it wants to see 29% of its UK partners and directors come from the working class by 2030.
EY has announced it will “pledge to honour” its long-standing commitment to interns by offering a series of virtual internships in light of the ongoing pandemic.
The accountancy giant will now be offering 15,000 internships this year, with “many of them in virtual formats”.