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Accounting/Consulting

Big Four Accounting Firms Overhired. Now They’re Starting to Lay Off Partners.

An Ernst & Young senior partner, during a call with some of the accounting firm’s U.S. partners and staff, delivered a sober message usually reserved for clients: It’s time to cut costs. “This has been a difficult week as we took needed action to address resource challenges in our business, where growth has notably slowed or where we have excess capacity,” said Dave Burg, EY’s head of Americas cybersecurity, in the webcast call on Thursday.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.

The American Store Is Shrinking

Updated Dec. 12, 2023 5:04 pm ETListen to article(1 minute)The average store size in the U.S. is the smallest it’s been in at least 17 years, reflecting profound changes in the way Americans now shop.The rise in e-commerce and a growing distaste for giant emporiums are softening demand for department stores and other big-box space. Restaurants and coffee shops, meanwhile, are gobbling up small storefronts as Americans spend more time dining out, ordering at drive-throughs or using food-delivery apps. Copyright ©2023Dow

The Horrible Performance Review That Set Him on the Road to CEO

John Peyton led Dine Brands, the owner of Applebee’s and IHOP, through the pandemic as a rookie chief executive. But first, he had to get the job. Here’s the path he took to get there. John Peyton led Dine Brands, the owner of Applebee’s and IHOP, through the pandemic as a rookie chief executive. But first, he had to get the job. Here’s the path he took to get there. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

The Rise and Fall of the Chief Diversity Officer

“Everything is a battle.” Diversity executives hit the exits as company priorities shift. “Everything is a battle.” Diversity executives hit the exits as company priorities shift. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal

Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

KPMG Plans $2 Billion Investment in AI, Cloud Services

An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said. An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

The Accountant Shortage Is Showing Up in Financial Statements

Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements. Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…

Labor Market Headfake?

The high-profile payroll survey could be overestimating job growth because of quirks in how the data are calculated. The high-profile payroll survey could be overestimating job growth because of quirks in how the data are calculated. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Vacant Offices Are Piling Up in Silicon Valley

Layoffs and hybrid-work patterns are reducing corporate footprints in Northern California towns. Layoffs and hybrid-work patterns are reducing corporate footprints in Northern California towns. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Online Clothing Shopping Increasing Comes With No-Return Policies

By Alina DizikJune 20, 2023 12:01 am ETListen to article(2 minutes)Today’s shoppers are still trying to figure out life after the end of unlimited returns.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 By Alina DizikJune 20, 2023 12:01 am ETListen to article(2 minutes)Today’s shoppers are still trying to figure out life after the end of unlimited returns.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 FOLLOW US