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2 weeks ago | 
businessinsider.com | Kiera Fields |Polly Thompson |Henry Blodget
This as-told-to essay is based on a conversation with Donald King, a former PwC consultant in New York who founded AMDK, a marketing startup. King's employment has been verified with documents. It has been edited for length and clarity. Getting laid off from PwC was the best thing that ever happened to me. But at the time, it felt like my world was crumbling away. I was 25 and had been a technology consultant at the firm since 2021.
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2 weeks ago | 
businessinsider.com | Will Martin |Polly Thompson |Henry Blodget
Surviving the gruelling hours and high demands of a job in consulting isn't easy. Deloitte has a new solution to help its employees handle the stress: Lego. The Big Four professional services firm has updated its long-running well-being subsidy program to include "Legos and puzzles" on a list of items that Deloitte will reimburse, internal policy documents seen by Business Insider show.
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2 weeks ago | 
businessinsider.com | Polly Thompson |Henry Blodget
Baker Tilly and Moss Adams merged this week in a deal that marks another shake-up for mid-market consulting firms and emphasizes the role being played by private equity in US accounting. The two firms, which are both in the tier below the Big Four, have a combined annual revenue of over $3 billion. By joining forces, they've catapulted themselves above BDO, Grant Thornton US, and CLA to become the 6th largest accounting firm by revenue in the US.
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3 weeks ago | 
businessinsider.de | Polly Thompson
Janet Truncale ist globale Vorsitzende und CEO von EY. World Economic Forum EY-Chefin Janet Truncale sagt, dass die Unsicherheit durch Zölle bei Unternehmen vorerst bleiben wird. In einem Interview mit „Bloomberg TV“ gab sie Unternehmern und Geschäftsführern einige Ratschläge. Verlasst euch auf euer Muskelgedächtnis und macht keine Alleingänge, rät Truncale.
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3 weeks ago | 
ca.finance.yahoo.com | Polly Thompson
• EY boss Janet Truncale says that uncertainty is here to stay. • She shared some advice for entrepreneurs and business leaders in an interview with Bloomberg TV. • Lean on muscle memory and don't go it alone, Truncale said. Uncertain times are here to stay, according to the head of the Big Four firm EY. "Uncertainty is going to be the norm. It's going to be there for some time," Janet Truncale, EY's global chair and CEO, told Bloomberg TV in an interview on Wednesday.
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3 weeks ago | 
businessinsider.com | Will Martin |Polly Thompson |Henry Blodget
Uncertain times are here to stay, according to the head of the Big Four firm EY. "Uncertainty is going to be the norm. It's going to be there for some time," Janet Truncale, EY's global chair and CEO, told Bloomberg TV in an interview on Wednesday. Business leaders are facing change and tough decisions on all fronts, from quickfire tariff policies and stock market swings, to how to implement AI and handle generational shifts in the job market.
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3 weeks ago | 
ca.finance.yahoo.com | Polly Thompson
• None Deloitte UK has promoted 60 employees to partner, 21 fewer than last year. • None The decline is another sign of continued pressure on the consulting industry. • None Deloitte is lowering some bonuses and promoting fewer employees, according to a recent internal memo. Deloitte UK has promoted fewer employees to the rank of partner than it did in 2024.
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3 weeks ago | 
businessinsider.com | Will Martin |Polly Thompson |Henry Blodget
Deloitte UK has promoted fewer employees to the rank of partner than it did in 2024. The Big Four firm said in a press release that 60 staff have achieved the coveted title in this year's round of promotions, compared to 81 the year before. Deloitte said that it had also converted 77 people from salaried to equity partner, which it said was more than double compared to last year.
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1 month ago | 
ca.finance.yahoo.com | Polly Thompson
• None McKinsey has reduced its global workforce by roughly 5,000 in the past 18 months. • None The consulting firm went on a major hiring spree during the pandemic. • None The fall in staff is related to McKinsey's performance management process, not layoffs, a source said. McKinsey's head count has fallen by more than 10% in the last eighteen months, marking a sharp reversal of its pandemic-era hiring spree.
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1 month ago | 
businessinsider.com | Will Martin |Polly Thompson |Henry Blodget
McKinsey's head count has fallen by more than 10% in the last eighteen months, marking a sharp reversal of its pandemic-era hiring spree. The global consulting firm had 45,100 employees at the end of 2023, when it last publicly released figures. It now has roughly 40,000 employees, according to a person with knowledge of McKinsey's staffing. The news was first reported by the Financial Times. During the pandemic, McKinsey and other leading consultancies hired aggressively to meet increased demand.
