All articles tagged with #professional services
PwC plans to reduce its entry-level hiring by nearly a third by 2028 due to technological changes and AI integration, reflecting a broader trend across the professional services industry to automate routine tasks and focus on more specialized skills.
Deloitte is set to cut around 1,200 jobs in the US, or 1.4% of its workforce, due to a slowdown in the consulting business. The job cuts are less severe than those made by some of Deloitte's rivals in the professional services field, including KPMG, Accenture, Ernst & Young and McKinsey. The recruitment climate has soured some recent graduates who had aspired to careers in consulting.
EY has abandoned its plan to break up its business after facing months of internal dissent. The restructuring plan would have split the company into four separate businesses, but was met with resistance from partners who were concerned about the potential impact on clients and the firm's culture. EY will now focus on investing in its existing businesses and expanding its digital capabilities.
Accenture is set to cut 19,000 jobs, or 2.5% of its workforce, over the next 18 months as part of a business-optimization plan aimed at reducing costs and streamlining operations due to slowing IT spending. The plan is expected to cost about $1.5 billion, mostly from employee severance during the remainder of the current fiscal year and fiscal 2024.
Graham Cochrane, founder of The Recording Revolution, shares three types of businesses you can start today for $0: consulting, professional services, and creator businesses. To start a consulting business, reach out to your existing network and offer one-on-one coaching. For professional services, create a profile on websites like Fiverr or UpWork and write customized proposals for each job posting. As a creator, make money through advertisement revenue, affiliate post revenue, sponsored posts and brand deals, and selling digital materials to your audience. The key is to just begin and post every day.