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AUDIT AND TAX LAYOFFS
Big Four firms' India operations shine amid global slumpIndia's Big Four accounting firms have achieved remarkable growth, outperforming global peers in fiscal year 2026. PwC and Deloitte reporte...- Corporate Majdoor Janta Party: Gurgaon professional’s satirical manifesto goes viral, CBI audit of CTC vs in-hand salary among promisesA former Amazon employee has created a satirical political party called the Corporate Majdoor Janta Party. The party's manifesto humorously...
- Freshworks cuts 500 jobs; Q1 revenue hits $228 millionFreshworks announced significant job cuts, reducing its workforce by 11% or approximately 500 employees. This move comes as the business so...
- IRS Tax filing, refund delay in 2026? Tax watchdogs are sending warnings, here is whyIRS tax filing season began on Monday, and agency leaders, including Treasury Secretary Scott Bessent and IRS CEO Frank Bisignano, have sai...
- PwC lays off nearly 1,500 staff in US amid business review: ReportPer a report by the Financial Times, the job cuts, which were mostly in the audit and tax divisions, impact around 2% of the firm’s 75,000-...
- Elon Musk’s DOGE claims $160 billion in savings, but new report warns it could end up costing taxpayers $135 billion insteadElon Musk's DOGE faces criticism. Analysis suggests its cost-cutting measures may burden taxpayers. A study reveals unforeseen effects of D...
- Global overhaul at Big Four firms brings fresh alignments for IndiaBig Four firms are restructuring globally due to slow growth and changing regulations. These changes will impact their Indian operations. E...
- IRS loses nearly 40% of its billionaire audit team as Donald Trump and Elon Musk push for deep cuts, America’s wealthiest celebrateThe IRS’s Global High Wealth unit, tasked with auditing the wealthiest Americans, has seen a 38% loss in staff this year, resulting in stal...
- US: Homeland Security officials push IRS for 700,000 immigrants' addressesThe Department of Homeland Security has requested the IRS to turn over addresses of 700,000 immigrants aimed for deportation, raising taxpa...
- Trump purge: In the middle of season as millions file taxes, IRS fires 6,700 employees, mainly auditors dealing with tax compliance issues, and faces massive backlashIRS has laid off 6,700 employees, with over 5,000 auditors and collection staff let go. This decision, coming in the middle of the tax seas...
- IRS to cut 7,000 jobs as Donald Trump administration pushes federal downsizingThe Internal Revenue Service (IRS) is set to lay off around 7,000 employees across the US as part of the Donald Trump administration’s effo...
- US IRS prepares to lay off thousands of workers, sources sayThe U.S. Internal Revenue Service is set to fire thousands of probationary employees, amid tax-filing season. The move aligns with efforts ...
- PwC announces 1,800 layoffs in US as part of big restructuring, first in 15 years: ReportPricewaterhouseCoopers layoffs: The job cuts span various roles and departments, primarily affecting advisory and technology operations. Pw...
- PwC to slash China partners' pay after being hit by client exodusPwC has asked its China-based partners to take up to a 50% pay cut amid a regulatory probe and client departures, prompting cost cuts and l...
- PwC weighs halving of China financial services audit staffPwC plans to cut up to half its financial services auditing staff in China amid regulatory scrutiny and client departures. The firm, which ...
- Mass layoffs at PwC after exodus of clients in ChinaPricewaterhouseCoopers LLP is reducing staff in China due to declining revenue prospects and client exodus. Over 100 employees across Beiji...
- EY implements significant partner layoffs in US amid streamlining efforts & reduced demand for servicesErnst & Young (EY) is undergoing significant partner layoffs in various U.S. business segments as it strives to streamline operations follo...
- Byju's files much-delayed FY22 financials, core biz revenue at Rs 3,569 crore, losses at Rs 2,253 croreThe earnings before interest, taxes, depreciation, and amortisation-based loss of the core business was down from Rs 2,406 crore to Rs 2,25...
- Pricewaterhouse flagged discrepancies in GoMechanic’s FY20 audit; PhonePe raises $350 million with more to comeA senior executive at one of the ‘Big Four’ audit firms said qualifications are always a negative for a company and it means the company be...
- Price Waterhouse' Rs 600 crore audit revenue may take a hit, could lose big clients tooPW audit firms will be appealing this decision and believe that there are strong grounds to get a positive outcome,” Mukherjee wrote in an ...
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