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

haysmacintyre celebrates partner promotion and additional hire

Accounting Firms haysmacintyre celebrates partner promotion and additional hire

9h Lucy Skoulding, Reporter
EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

4d Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

6d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

2w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

2w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

2w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

4w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

1m Receipt Bank | Sponsored