Layoffs

Cutting IRS staffing in half over the next 10 months would mean less help and longer waits for taxpayers and let wealthy tax cheats escape paying what they owe.

A technical glitch prevented Internal Revenue Service officials from notifying laid-off employees by email, so the IRS will be sending them letters, instead.

The Internal Revenue Service is reportedly planning layoffs of thousands of first-year probationary employees in the midst of tax season as soon as this week.

The layoffs span the accounting firm's advisory, tax and audit businesses.

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

Ernst & Young fired dozens of its U.S. staffers for taking multiple online training courses simultaneously, violating the firm's ethic's policies.

Accounting solutions provider FreshBooks will be laying off roughly 20% of its staff across all teams, and at all levels around the world.

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

The cutbacks are a sign of further retrenchment among the Big Four firms.

The firm employs about 7,700 people in Canada and had already cut about 2% of its workforce in the country at the end of last year.

The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.

The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.

The job cuts will affect "a limited number of people" in the Big Four firm, according to a statement from EY's U.S. unit.

PwC and EY are among the large firms collectively shedding thousands of staff.

Sustained high interest rates are pushing Canada toward a recession.

The move comes after the firm cut 300 jobs earlier this year, despite reaching record levels of revenue.

The bulk of the cuts will be aimed at the advisory division.

Other Big Four firms are also introducing cuts in the U.K. after a period of over-hiring during the pandemic.

KPMG is reducing headcount further after earlier layoffs this year, cutting approximately 5% of its U.S. employees.

The Top 10 Firm laid off about 3% of its staff, mostly in the advisory and tax business lines.