PracticeAccounting FirmsBig Four shedding jobs in Scotland

Big Four shedding jobs in Scotland

The Big Four are shedding large numbers of jobs in Scotland, new research has found.

Link: Revenue creates 500 jobs in Scotland

PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte have shed one in five Scottish staff in the past two years.

More than 500 fee-earners have left their jobs in Scotland since 2001.

And entrants have also been hit hard; trainee numbers have been slashed by a third.

PwC alone has reduced the number of people it employs in Scotland by 250 since 2001.

It has reduced its Scottish payroll by a quarter and KPMG’s numbers are down by 20%.

The research may be seen as a sign of a weakening Scottish economy.

And the dearth of corporate transactions in the £10m-plus bracket is thought to have hit the big accountancy firms hard.

The research was carried out by CA magazine, the journal of the Institute of Chartered Accountants of Scotland.

Related Articles

Where is your next client coming from?

Accounting Firms Where is your next client coming from?

12h James Noble, Propero Partners
Specialist VAT service provider joins MHA

Accounting Firms Specialist VAT service provider joins MHA

22h Austin Clark, Reporter
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

1w Austin Clark, Reporter
Top 50+50: Revenue rises spark rankings shake-up

Accounting Firms Top 50+50: Revenue rises spark rankings shake-up

2w Emma Smith, Managing Editor
BDO strengthens Bristol team with new audit partner

Accounting Firms BDO strengthens Bristol team with new audit partner

2w Austin Clark, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2w Alia Shoaib, Reporter
Top 50+50: Big Four hold steady, shake-up outside Top 20

Accounting Firms Top 50+50: Big Four hold steady, shake-up outside Top 20

2w Emma Smith, Managing Editor