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Accounting firms aren’t immune to the job cuts sweeping Corporate America.
Forvis Mazars laid off about 3% of its U.S. workforce as it looks to address lower-than-expected levels of attrition, I exclusively reported.
The firm informed affected staff last week that it would be letting go of roughly 250 members of its U.S. workforce, which totals more than 7,700, the people familiar said. Audit, tax and advisory personnel were among those cut.
“We regularly evaluate our current business demand to ensure we are positioned to deliver exceptional service to our clients while maintaining a strong talent pipeline,” Forvis Mazars said in a statement. “This assessment sometimes results in targeted workforce adjustments to align our staffing levels with business needs.”
Forvis acquired the U.S. unit of Mazars in 2024 as part of a new international partnership, creating a combined global audit and advisory network. Mazars is best known for serving as the longtime accounting firm of President Trump’s company, the Trump Organization.
ICYMI: KPMG is cutting 10% of its U.S. audit partners. Roughly 100 partners are exiting the Big Four accounting firm, some of whom volunteered to retire early, I reported last week.
In other industries, layoffs have raised concerns about how artificial intelligence is affecting work. Tech has been hardest-hit this year, with 40% more layoffs in the first quarter—and fresh announcements of about 10,000 more positions lost in April, including at Meta Platforms and Snap.
Read the full Forvis Mazars story here.
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