Tag: Cutting

Here’s how the biggest accounting and consulting firms are cutting costs and shrinking headcount



a sign on the side of a building: FILE PHOTO: The KPMG logo pictured during the Viva Tech start-up and technology summit in Paris Reuters


© Reuters
FILE PHOTO: The KPMG logo pictured during the Viva Tech start-up and technology summit in Paris Reuters


Professional services firms have been laying off employees and cutting pay as the coronavirus pandemic has hit their business pipelines. 

Firms have seen clients rein in on spending on consulting and advisory work as economic conditions across industries remain unclear.

The question mark over the economy has also led to less recruiting at these firms, impacting graduates from both undergrad and graduate programs. 

Employees are also staying put more than usual because of an uncertain job market, meaning the firms have to take more proactive steps as opposed to relying on people leaving on their own to help manage headcount.

Business Insider has been keeping track of which firms have announced layoffs, pay cuts, and how they’re thinking about recruitment.

Do you have information about layoffs or pay cuts at professional-services

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Lamont taps Boston Consulting Group to prepare overhaul of state government, eliminating jobs and cutting $500 million

The Massachusetts firm that planned Connecticut’s pandemic reopening strategy will conduct a sweeping overhaul of state government operations designed to reduce costs by as much as $500 million a year — and potentially eliminate thousands of state jobs.

Gov. Ned Lamont has selected the Boston Consulting Group to conduct the $2 million study, which will be completed next February and is timed to take advantage of a projected surge in state employee retirements over the next two years.

It’s been 10 years since the last major state workforce study, the governor noted, and since then Connecticut has gone through a sluggish economic recovery, two major state employee concessions packages, and a pandemic that is far from over.

“We need to dig deep into our state agencies and learn more about what to anticipate, and how best to use this challenge as an exciting opportunity to ensure our government is

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Global Waterjet Cutting Machines Market 2020 to 2025 – Top Manufacturers, Business Strategy and Forecast Report

The MarketWatch News Department was not involved in the creation of this content.

Sep 16, 2020 (CDN Newswire via Comtex) —
The report entitled Global Waterjet Cutting Machines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 presents a critical assessment of the market where market situations in the forecast period are anticipated based on past and current market analysis. According to the authors, this report fulfills users’ expectations as it covers all industrial parameters like key manufacturers, top regions, developments, technology, R&D, trends, revenue, and future industrial growth. The report is comprehensively prepared with the main focus on the competitive landscape, geographical growth, segmentation, and market dynamics, including drivers, restraints, and opportunities. The research analyzes the competition and leading companies of the global Waterjet Cutting Machines market. Made by using integrated approaches, this market has been divided into types, applications, and regions.

The report spotlights on competition

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