Big Four Accounting Firms lay off workers; Who are at risk?

Big Four Accounting Firms lay off workers

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The Big Four Accounting Firms, which include Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG), have initiated significant layoffs in the United Kingdom (UK) as a consequence of their pandemic-induced hiring surge.

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In a recent development, Deloitte, a prominent British multinational accounting firm, laid off approximately 800 employees in the UK, citing economic uncertainty as the primary reason for the workforce reduction.

According to industry analysts, EY, PwC, and KPMG are also planning workforce reductions, with some employees potentially receiving termination notices in the near future. This raises concerns about who might be at risk and the underlying reasons for these layoffs.

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