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Accounting Firm Layoffs 2023: A Storm Brewing in the Industry?
By: Anya Sharma, CPA, CA, MBA. Anya is a seasoned financial analyst with over 15 years of experience in the accounting industry, specializing in mergers and acquisitions, and currently a Senior Lecturer in Finance at the University of British Columbia.
Published by: Financial Insights Journal – A leading publication for financial professionals, offering in-depth analysis and commentary on current trends in the global financial landscape. Published by the Financial Professionals Association (FPA).
Edited by: David Miller, CFA, MBA. David has been a financial editor for over 20 years and holds a CFA charter and an MBA from Harvard Business School.
Keywords: accounting firm layoffs 2023, accounting industry downturn, job market accounting, financial sector layoffs, economic recession, CPA job security, accounting firm restructuring, future of accounting, impact of automation on accounting.
Summary: This article examines the rising trend of accounting firm layoffs in 2023, exploring the underlying causes, their implications for the accounting industry, and potential future scenarios. It analyzes the impact on employees, firms, and the broader economy, offering insights for professionals navigating this challenging landscape.
1. The Rise of Accounting Firm Layoffs in 2023
The year 2023 has witnessed a concerning uptick in accounting firm layoffs 2023. While layoffs are a regular occurrence in any industry, the scale and scope of these recent reductions in accounting firms are raising eyebrows. Reports indicate significant job cuts across various firm sizes, from large multinational corporations to smaller regional practices. This isn't simply a localized phenomenon; the trend is appearing globally, suggesting a systemic issue within the accounting profession.
2. Underlying Causes of the Layoffs
Several factors contribute to the surge in accounting firm layoffs 2023. The primary driver is the economic slowdown. A global economic downturn directly impacts business activity, resulting in reduced demand for accounting services. Companies postpone audits, tax planning, and other non-essential services to cut costs, leading to lower revenue for accounting firms and the subsequent need for staff reductions.
Beyond the economic climate, technological advancements play a crucial role. The automation of numerous accounting tasks through AI and machine learning is increasing efficiency but also reducing the need for human labor. This technological displacement is contributing to the accounting firm layoffs 2023, especially impacting entry-level and mid-level positions traditionally focused on repetitive tasks.
Furthermore, increased competition within the accounting industry is exacerbating the situation. The rise of cloud-based accounting software and the emergence of new, agile firms are squeezing margins for established players, forcing them to streamline operations and reduce headcount. Consolidation within the industry also contributes, as mergers and acquisitions lead to redundant roles and subsequent accounting firm layoffs 2023.
3. Implications for the Accounting Industry
The widespread accounting firm layoffs 2023 have significant implications for the accounting industry as a whole. The most immediate impact is on the individuals losing their jobs, leading to increased unemployment and financial hardship. This impacts the morale and stability within the remaining workforce, potentially leading to decreased productivity and employee retention challenges.
For accounting firms themselves, the layoffs can damage their reputation and client relationships. Firms may struggle to maintain service quality with a reduced workforce, potentially leading to errors and client dissatisfaction. The long-term implications are also concerning. A shrinking talent pool due to layoffs may hinder the industry's ability to adapt to future changes and challenges.
4. Navigating the Uncertain Future: Strategies for Accountants
For accounting professionals, the current climate necessitates proactive adaptation. Upskilling and reskilling are paramount. Acquiring expertise in areas such as data analytics, cybersecurity, and cloud computing can enhance employability in an evolving landscape. Networking and building strong professional relationships are crucial, providing access to job opportunities and offering support during challenging times. Developing a diverse skillset beyond technical accounting expertise, such as project management or business consulting, can also enhance competitiveness.
5. The Role of Government and Regulatory Bodies
Government and regulatory bodies have a role to play in mitigating the negative impacts of accounting firm layoffs 2023. Initiatives promoting retraining and upskilling programs for displaced workers can ease the transition into new roles. Policies supporting small and medium-sized accounting firms can help preserve jobs and maintain industry competitiveness. Moreover, careful consideration of the impact of automation on the workforce needs to be addressed through thoughtful legislation and support systems.
6. Looking Ahead: Predictions and Potential Scenarios
Predicting the future with certainty is impossible, but several potential scenarios are likely. A continued economic slowdown may result in further accounting firm layoffs 2023 and beyond. Conversely, an economic recovery could alleviate some pressure, but the impact of automation will likely remain a long-term challenge. The accounting industry will likely experience further consolidation, with larger firms absorbing smaller ones. The demand for specialized skills, such as those related to data analytics and technology, will likely increase.
Conclusion
The surge in accounting firm layoffs 2023 highlights a complex interplay of economic, technological, and competitive forces within the accounting industry. While challenging, this period presents an opportunity for both firms and individuals to adapt and embrace change. By proactively addressing the challenges and seizing opportunities, the accounting profession can navigate this storm and emerge stronger.
FAQs
1. Are accounting firm layoffs 2023 widespread or localized? The trend is observed globally, suggesting a broader industry challenge rather than isolated incidents.
2. What roles are most affected by accounting firm layoffs 2023? Entry-level and mid-level positions focused on routine tasks are most vulnerable to automation.
3. What can I do to prevent being laid off from my accounting job? Upskill, network, and diversify your skills beyond core accounting.
4. Will the demand for accountants decline completely? No, but the nature of the work will likely evolve. Demand for specialized skillsets will increase.
5. What support is available for those laid off from accounting firms? Government-funded retraining programs and professional networking resources are available in many regions.
6. How are accounting firms responding to the need for automation? Firms are investing in technology and upskilling their workforce to adapt to the changing landscape.
7. Is the current situation a temporary setback or a long-term shift in the industry? It’s likely a combination of both; short-term economic factors are influencing the current layoffs, while technological changes are causing longer-term shifts.
8. What types of accounting jobs are expected to grow in the future? Roles involving data analytics, cybersecurity, and cloud-based accounting are projected to grow.
9. What can I do to make my resume more competitive during this challenging time? Focus on quantifiable achievements, relevant skills, and highlight adaptability to new technologies.
Related Articles:
1. "The Impact of AI on Accounting Jobs in 2023": This article explores the effects of artificial intelligence on employment within the accounting sector.
2. "Surviving the Accounting Layoff: A Guide for Professionals": Provides practical advice and resources for accountants facing job loss.
3. "The Future of Accounting: Adapting to Technological Disruption": Discusses future trends and the skills needed to thrive in the evolving industry.
4. "Accounting Firm Mergers and Acquisitions: Impact on Employment": Analyzes the role of M&A activity in causing layoffs in the accounting industry.
5. "Economic Downturn and its Effects on the Accounting Profession": Examines the relationship between economic cycles and job security in accounting.
6. "Upskilling for Accountants: Navigating the Changing Landscape": Offers guidance on acquiring new skills to enhance job prospects.
7. "The Role of Cloud Accounting in Reshaping the Industry": Discusses how cloud-based technologies are transforming accounting practices and employment.
8. "Building a Resilient Career in Accounting: Tips for Long-Term Success": Offers advice on career planning and building a sustainable career path in accounting.
9. "Government Initiatives to Support Displaced Accounting Professionals": Highlights programs and initiatives designed to help accountants affected by layoffs.
| accounting firm layoffs 2023: Advances in Management Accounting Chris Akroyd, 2024-09-06 Volume 36 of Advances in Management Accounting features a diverse range of authors from around the world, focusing on theoretically sound and practical management accounting research which has a cutting-edge and wide-reaching appeal to both academics and practitioners. |
| accounting firm layoffs 2023: Research on Professional Responsibility and Ethics in Accounting Tara J. Shawver, 2024-05-30 Research on Professional Responsibility and Ethics in Accounting Volume 26 explores many aspects across professional responsibility and ethics in accounting, including changing auditing approaches, whistleblowing, fraudulent practices, the impact of communications, and the impact Covid-19 has had on corporate social responsibility. |
| accounting firm layoffs 2023: Business Research using Basic Statistical Tools K.V.R. Rajandran, The book was initiated for young researchers to reflect their research work. The area of research covers various work of life which address a spectrum of problems. The research was done within Tamil Nadu. Researchers carried out the field study and presented their data with statistical tools. The book may also encourage young researchers to do similar research to explore the current status of life. |
| accounting firm layoffs 2023: HR Analytics in an Era of Rapid Automation Yadav, Radha, Sinha, Mudita, Kureethara, Joseph Varghese, 2023-08-01 Human Resources (HR) departments often have significant data sets related to employees and positions within their organizations, but optimizing use of this data can present challenges. As the business world rapidly transforms due to technological advancements, experts within the HR domain must learn to effectively use data to improve workforce performance and assist with strategic decisions. A comprehensive understanding of HR analytics and its multiple levels, ranging from descriptive to perspective, can emphasize how the data can support, track, and monitor employee performance, culture, turnover rate, and absenteeism. HR Analytics in an Era of Rapid Automation is a valuable guide for academics, researchers, and practitioners interested in the latest developments in HR analytics. It covers relevant theories and conceptual models based on quantitative and qualitative findings and emphasizes the importance of utilizing HR analytics for sustainable decision making. With a focus on recruitment analytics, talent acquisition, employee performance analytics, and more, this book provides practical solutions to the challenges facing HR professionals in the rapidly changing business world. By highlighting the value of people and HR analytics for business success, this book offers several solutions for the analysis of challenges facing HR professionals today. |
| accounting firm layoffs 2023: PROCEEDINGS OF NATIONAL SEMINAR ON MULTIDISCIPLINARY RESEARCH AND PRACTICE VOLUME 1 Dr. M. Kanika Priya, This Conference Proceedings of the National Seminar entitled “Multidisciplinary Research and Practice” compiled by Dr. M. Kanika Priya records various research papers written by eminent scholars, professors and students. The articles range from English literature to Tamil literature, Arts, Humanities, Social Science, Education, Performing Arts, Information and Communication Technology, Engineering, Technology and Science, Medicine and Pharmaceutical Research, Economics, Sociology, Philosophy, Business, Management, Commerce and Accounting, Teacher Education, Higher Education, Primary and Secondary Education, Law, Science (Mathematics, Physics, Chemistry, Zoology, Botany), Agriculture and Computer Science. Researchers and faculty members from various disciplines have contributed their research papers. This book contains articles in Three languages, namely: English, Tamil and Hindi. As a editor Dr. M. Kanika Priya has taken up the tedious job of checking the validity and correctness of the research work in bringing out this conference proceedings in a beautiful manner. In its present shape and size, this anthology will, hopefully, find a place on the library shelves and enlighten the academics all round the world. |
| accounting firm layoffs 2023: Encyclopedia of Sustainable Management Samuel Idowu, René Schmidpeter, Nicholas Capaldi, Liangrong Zu, Mara Del Baldo, Rute Abreu, 2023-11-21 This encyclopedia is the most comprehensive and up-to-date source of reference for sustainability in business and management. It covers both traditional and emerging concepts and terms and is fully international in its scope. More than 700 contributions of internationally renowned experts provide a definitive access to the knowledge in the area of sustainable and responsible management. All actors in the field will find reliable and up to date definitions and explanations of the key terms and concepts of management in this reference work. The Encyclopedia of Sustainable Management represents all aspects of management and business conduct. It takes sustainability as a management concept that gives due credit to the complexity and diverging constraints in which businesses and corporations act today, and it emphasizes and focuses approaches that help ensure that today's management decisions and actions will be the basis for tomorrow's prosperity. |
| accounting firm layoffs 2023: The Making of Lawyers' Careers Robert L. Nelson, Ronit Dinovitzer, Bryant G. Garth, Joyce S. Sterling, David B. Wilkins, Meghan Dawe, Ethan Michelson, 2023-10-03 An unprecedented account of social stratification within the US legal profession. How do race, class, gender, and law school status condition the career trajectories of lawyers? And how do professionals then navigate these parameters? The Making of Lawyers’ Careers provides an unprecedented account of the last two decades of the legal profession in the US, offering a data-backed look at the structure of the profession and the inequalities that early-career lawyers face across race, gender, and class distinctions. Starting in 2000, the authors collected over 10,000 survey responses from more than 5,000 lawyers, following these lawyers through the first twenty years of their careers. They also interviewed more than two hundred lawyers and drew insights from their individual stories, contextualizing data with theory and close attention to the features of a market-driven legal profession. Their findings show that lawyers’ careers both reflect and reproduce inequalities within society writ large. They also reveal how individuals exercise agency despite these constraints. |
| accounting firm layoffs 2023: Our Least Important Asset , 2023-07-25 A comprehensive and insightful look at the modern workplace and how employees are managed, where the new approach is driven by the quirks of financial accounting to the detriment of employees and the long-term success of the organization. Real wages have stagnated or declined for most workers, job insecurity has increased, and retirement income is uncertain. Hours of work for white collar employees have increased steadily, opportunities for advancement have withered, and evidence of the negative effects of workplace stress on health continues to accumulate. Why have jobs gotten so much worse? As Peter Cappelli argues, these issues are not a result of companies trying to be cost effective. They stem from the logic of financial accounting--the arbiter for determining whether a company is maximizing shareholder value--and its fundamental flaws in dealing with human capital. Financial accounting views employee costs as fixed costs that cannot be reduced and fails to account for the costs of bad employees and poor management. The simple goal of today's executives is to drive down employment costs, even if it raises costs elsewhere. In Our Least Important Asset, Cappelli argues that the financial accounting problem explains many puzzling practices in contemporary management--employers' emphasis on costs per hire over the quality of hires, the replacement of regular employees with leased workers, the shift to unlimited vacations, and the transition of hiring responsibilities from professional recruiters to more expensive line managers. In the process, employers undercut all the evidence about what works to improve the quality, productivity, and creativity of workers. Drawing on decades of experience and research, Cappelli provides a comprehensive and insightful critique of the modern workplace where the gaps in financial accounting make things worse for everyone, from employees to investors. |
| accounting firm layoffs 2023: Handbook of Corporate Finance David J. Denis, 2024-02-12 Expertly surveying the realm of corporate finance, this adroitly-crafted Handbook offers a wealth of conceptual analysis and comprehensively outlines recent scholarly research and developments within the field. It not only delves into the theoretical dimensions of corporate finance, but also explores its practical implications, thereby bridging the gap between these distinct strands. |
| accounting firm layoffs 2023: OECD Economic Surveys: Germany 2023 OECD, 2023-05-08 After a decade of strong export-led growth, decreasing unemployment and fiscal surpluses, the COVID-19 pandemic and the energy crisis have revealed structural vulnerabilities and emphasised the need for accelerating the green and digital transitions. At the same time, rapid population ageing increases public spending pressures and exacerbates skilled labour shortages. |
| accounting firm layoffs 2023: Finance and Accounting for Energy Engineers S. Bobby Rauf, 2023-09-15 The purpose of this second edition is to provide an overview of important principles in the fields of finance and accounting, and the application of those principles for financial analysis of energy and non-energy capital investments. This book is written as a self-study guide for energy and non-energy engineers and managers who either lack formal training in the subjects of finance, accounting, and engineering economics, or simply need a means to refresh their knowledge in these subjects. This book bridges the gap between the typical business school MBA knowledge and its application in enery and non-engergy engineering, project management or manufacturing management. Many energy and non-energy engineers and technical managers feel inadequately equipped to comprehend and apply certain important finance and accounting principles. Understanding of finance and accounting principles is important in interfacing and conducting business with accountants, financial analysts, and members of upper management. This book is designed to familiarize energy engineers and other engineering professionals - in a relatively simple and easy to understand fashion - with decision making skills founded on financial calculations and case study based quantitative analysis. |
| accounting firm layoffs 2023: From Boom to Bubble Rachel Weber, 2023-06-05 An unprecedented historical, sociological, and geographic look at how property markets change and fail—and how that affects cities. In From Boom to Bubble, Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead, she argues, even in cities experiencing employment and population decline, developers rush to erect new office towers and apartment buildings when they have financial incentives to do so. Focusing on the main causes of overbuilding during the early 2000s, Weber documents the case of Chicago’s “Millennial Boom,” showing that the Loop’s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash, made available through the use of complex financial instruments, helped transform what started as a boom grounded in modest occupant demand into a speculative bubble, where pricing and supply had only tenuous connections to the market. From Boom to Bubble is an innovative look at how property markets change and fail—and how that affects cities. |
| accounting firm layoffs 2023: You Haven't Hit Your Peak Yet! Harvey Mackay, 2020-01-29 Advice from one of America's most respected and well-connected business leadership gurus If you haven't reached your peak, you're not alone. But still, you're doing something right. Sound strange? Well, any businessperson worth their salt knows it takes determination to reach the finish line. The business world is constantly changing so it’s essential to learn, adapt, and grow. In all-new pieces of wisdom, common sense, and advice, Harvey Mackay shares his decades of business leadership acumen to show you how to stay relevant, fluid, and on the path for success. Find out how adversity can be your best friend Use humility in your successes to make good business partners Stop riding a dead horse Discover how recognition does wonders Told with the sort of straight-shooting humor that only Harvey Mackay can deliver, You Haven't Hit Your Peak Yet is your personal road map for the route that can take you to the top. |
| accounting firm layoffs 2023: 25 Top Consulting Firms WetFeet (Firm), WetFeet, 2008 |
| accounting firm layoffs 2023: The Economics of Creative Destruction Ufuk Akcigit, John Van Reenen, 2023 Leading social scientists explore pressing issues--monopoly and inequality, growth and innovation, climate change and fraying social safety nets--through the lens of creative destruction. Far more than a theory of capitalist dynamics, creative destruction proves an important idea for illuminating a wide range of social and political challenges. |
| accounting firm layoffs 2023: Accounting for Non-Accountants Wayne Label, 2013-01-01 A Quick, Compact, and Easy-to-Understand Resource for Non-Accountants! The perfect financial accounting guide for beginners! Accounting for Non-Accountants is the must-have guide for all of us who have never taken an accounting class, are mystified by accounting jargon, and have no clue about balance sheets, income statements, payroll management, corporate taxes, or statements of cash flows. This simple to use accounting book is bookmaking made simple. Whether you own a business, plan on starting one, or just want to control your own assets, you'll find everything you need to know: How to prepare and use financial statements How to control cash flows How to manage budgets How to use accounting ratios How to deal with audits and auditors interpret financial statements Let this book help you like it helped these readers: Dr. Labels explanations are simple and straightforward. This will help me a lot as I set up my own business. I have worked in accounting for over twenty-five years, and this is the best book I have seen to help people with the basics of accounting. For entrepreneurs or anyone who needs to brush up on accounting fast, this book will have you up and running in no time. |
| accounting firm layoffs 2023: Mismatch Unemployment Aysegul Sahin, 2012 We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new database covering the universe of online U.S. job advertisements. Mismatch across industries and occupations explains at most 1/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share of the rise in unemployment explained by occupational mismatch is increasing in the education level. |
| accounting firm layoffs 2023: Gender and Business Cycles Diego B. P. Gomes, 2024-04-04 This note reviews the literature on the complex relationship between gender and business cycles. It focuses on nuanced patterns that challenge the notion of gender neutrality in economic fluctuations. The note also analyzes dimensions, such as unemployment, income risk, hours worked, and responses to monetary and fiscal policy shocks, and documents distinctive disparities. |
| accounting firm layoffs 2023: A Survey of University Business and Economic Research Reports ... United States. Small Business Administration, 1963 |
| accounting firm layoffs 2023: A Survey of University Business and Economic Research Reports University of Texas. Bureau of Business Research, Cynthia R. Bettinger, Charles Tallifero Clark, United States. Small Business Administration, 1963 |
| accounting firm layoffs 2023: Second Image IPE Andreas Nölke, 2023-07-17 This book argues that the lack of adequate theories of contemporary capitalism is due to the increasing separation of the sub-disciplines of Comparative and International Political Economy. Theorizing only takes place in one of the two over-specialized sub-disciplines of Political Economy, thereby leading to a neglect of the interplay between national and international dimensions of capitalism. The author seeks to rectify this gap by developing a theory of Second Image IPE. Based on the “second image” notion developed by Kenneth Waltz, he furthers the classical theoretical approaches as developed by Peter Gourevitch and Peter Katzenstein. For this purpose, he incorporates recent analytical developments in Comparative Capitalism and Growth Model analysis. The book demonstrates the usefulness of Second Image IPE theory by studying the major empirical topics of Global Political Economy, including security, finance, regional integration, trade, production and global order. |
| accounting firm layoffs 2023: Corporate Resilience Shahla Seifi, David Crowther, 2023-09-13 Written by experts, the chapters collected here address various issues such as climate change and the pandemic, suggesting ways in which future crises can be managed successfully and sharing best practice from what we have learned from recent crises. |
| accounting firm layoffs 2023: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
| accounting firm layoffs 2023: SCIENCE TRIVIA NARAYAN CHANGDER, 2023-12-08 THE SCIENCE TRIVIA MCQ (MULTIPLE CHOICE QUESTIONS) SERVES AS A VALUABLE RESOURCE FOR INDIVIDUALS AIMING TO DEEPEN THEIR UNDERSTANDING OF VARIOUS COMPETITIVE EXAMS, CLASS TESTS, QUIZ COMPETITIONS, AND SIMILAR ASSESSMENTS. WITH ITS EXTENSIVE COLLECTION OF MCQS, THIS BOOK EMPOWERS YOU TO ASSESS YOUR GRASP OF THE SUBJECT MATTER AND YOUR PROFICIENCY LEVEL. BY ENGAGING WITH THESE MULTIPLE-CHOICE QUESTIONS, YOU CAN IMPROVE YOUR KNOWLEDGE OF THE SUBJECT, IDENTIFY AREAS FOR IMPROVEMENT, AND LAY A SOLID FOUNDATION. DIVE INTO THE SCIENCE TRIVIA MCQ TO EXPAND YOUR SCIENCE TRIVIA KNOWLEDGE AND EXCEL IN QUIZ COMPETITIONS, ACADEMIC STUDIES, OR PROFESSIONAL ENDEAVORS. THE ANSWERS TO THE QUESTIONS ARE PROVIDED AT THE END OF EACH PAGE, MAKING IT EASY FOR PARTICIPANTS TO VERIFY THEIR ANSWERS AND PREPARE EFFECTIVELY. |
| accounting firm layoffs 2023: Evaluation of Belgium’s COVID-19 Responses Fostering Trust for a More Resilient Society OECD, 2023-12-14 This report builds on the OECD work on “government evaluations of COVID-19 responses”. It evaluates Belgium’s responses to the pandemic in terms of risk preparedness, crisis management, as well as public health, education, economic and fiscal, and social and labour market policies. |
| accounting firm layoffs 2023: Driving a Bargain Richard F. Doner, 2023-11-10 This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1991. |
| accounting firm layoffs 2023: The BRICS and Beyond Li Xing, 2016-03-16 The world is in an era of great transformations. Globalization, transnational capitalism, September 11, the 2008 global financial crises, and the emergence of the ’second world’ in general and the BRICS in particular are characterized by a diffusion of power away from the traditional North Western powers and towards the global South. Such great transformations have reshaped the terrain and parameters of social, economic and political relations both at the national and the global levels and have exerted pressure on the exiting international order in terms of both opportunities and constraints. This new era also urges the need for re-conceptualizing the changing world order especially with regard to one of the core conceptual categories and analytical apparatus in the studies of IR and IPE - hegemony. The world will witness a new era of interdependent hegemony, in which both the existing ’First World’ and the emerging ’Second World’ are intertwined in a constant process of shaping and reshaping the international order in the nexus of national interest, regional orientation, common economic and political agenda, political alliance and potential conflicts. This collection juxtaposes, from different perspectives and approaches, the discussion on the political economy of the emerging world order with a focus on the rising powers. |
| accounting firm layoffs 2023: Ask a Manager Alison Green, 2018-05-01 'I'm a HUGE fan of Alison Green's Ask a Manager column. This book is even better' Robert Sutton, author of The No Asshole Rule and The Asshole Survival Guide 'Ask A Manager is the book I wish I'd had in my desk drawer when I was starting out (or even, let's be honest, fifteen years in)' - Sarah Knight, New York Times bestselling author of The Life-Changing Magic of Not Giving a F*ck A witty, practical guide to navigating 200 difficult professional conversations Ten years as a workplace advice columnist has taught Alison Green that people avoid awkward conversations in the office because they don't know what to say. Thankfully, Alison does. In this incredibly helpful book, she takes on the tough discussions you may need to have during your career. You'll learn what to say when: · colleagues push their work on you - then take credit for it · you accidentally trash-talk someone in an email and hit 'reply all' · you're being micromanaged - or not being managed at all · your boss seems unhappy with your work · you got too drunk at the Christmas party With sharp, sage advice and candid letters from real-life readers, Ask a Manager will help you successfully navigate the stormy seas of office life. |
| accounting firm layoffs 2023: Contemporary Corporate Governance Asish K. Bhattacharyya, 2023-01-01 Corporate governance has evolved over the past fifty years. This text for advanced undergraduate and postgraduate students presents a contemporary view of the subject, covering both the foundations as well new developments such ESG. The book blends the discussion of theory with practice to help readers understand the evolution of corporate governance. The discussion of the Indian context and extensive bibliography makes the book useful for research students and professionals as well. |
| accounting firm layoffs 2023: The Korean Automotive Industry, Volume 2 A.J. Jacobs, 2023-09-25 This volume chronicles the maturation of the South Korean auto industry and its native automakers, from the 1997 Asian Crisis to 2019. After examining the context for domestic vehicle production in South Korea, the author presents multiple case studies for all five Korean automakers: General Motors Korea/Daewoo Motors, Kia, Hyundai, Ssangyong and Renault Samsung. This includes coverage of Hyundai-Kia’s foreign plants in North America, Europe, India, China, and Emerging Asia. The book closes by assessing the five-to-ten-year future outlooks for Korean automakers at home and abroad. This important work will prove informative to scholars of business, management, automotive history, international development, Asian studies, and public administration. |
| accounting firm layoffs 2023: Learn to lead yourself, your people and your organization for great results , 2023-12-20 Putting people first has always been the basis of our success. We believe that if we take care of our employees, they will take care of our customers and the business will take care of itself. Even after the 9/11 terrorist attacks in New York, where we went from an occupancy rate of 75 to 5% overnight – where our hotels were empty of guests but full of staff – putting people first was the our priority. Instead of suffering massive layoffs, we implemented education programs, maintained health benefits, and did everything we could to get through the crisis with minimal negative impact on our people. In a business like ours, and I believe in any other sector, we simply cannot be successful unless people are truly committed and happy in their work. It is our commitment to create an environment where the unique contributions of our people are valued. I believe the fact that Marriott is consistently considered an employer of choice is the result of these efforts. Promoting a “people first” culture starts with leadership. Leaders must model the way. They must act, interact and engage with the people they lead in a way that makes people feel seen, heard and valued. In The Mind of the Leader, Rasmus Hougaard and Jacqueline Carter provide a clear path to creating “people first” organizations. It requires leaders to be human first: to be mindful, selfless and compassionate, and in doing so, develop the qualities that enable engagement, fulfillment and meaning – which leads to greater business success. If we, as leaders, are attentive, we will know better what really matters to our people. We are more present, attentive and curious. It's not always easy, but I know the difference between being present with my people and when I'm not. I only have an impact when I am. If we, as leaders, are selfless, taking into account the bigger picture rather than our own selfish needs, we will model cultures of growth and learning. Bill Marriott, our executive chairman, even now in his eighties, always has his ear open. He is always seeking the perspective of others rather than blindly following his own beliefs and ideas. If we, as leaders, are compassionate, our people will know we are protected. As this book clearly describes, compassion is not soft and sentimental. It is concrete and practical. It's about doing the right thing, like putting a doctor on staff during the Depression. Again, if we truly care about our employees, they will truly care for our customers and the business will truly care for itself. In many ways, the principles in this book run counter to the number of businesses run. It inspires me and provides insights to further evolve our culture and put people first. And I believe that all leaders and other organizations will benefit greatly from its messages. |
| accounting firm layoffs 2023: Family Firms and Local Roots Stefano Amato, Alessia Patuelli, 2023-07-19 This book pursues an interdisciplinary approach to studying family firms as a particular type of business strongly embedded in the territories in which they are located. Featuring an in-depth analysis of original research, the book employs both theoretical and empirical approaches to explore family firms and their relationships with their home territories. The book shows that family firms have unique bonds with their local areas, and these bonds profoundly shape their decision-making and outcomes. The book addresses two research questions, namely, how the connections between family firms and their home territories originate and develop, and how they influence firms’ economic performance and their corporate social responsibility initiatives. Uniquely, it seeks to develop an integrated framework that brings together family firms, local contexts, and places while also presenting new empirical evidence of relevance to scholars, managers, and policymakers alike. In addition, the book responds to the need for a greater understanding of what anchors entrepreneurial families to their home territories and the conditioning effect of local roots on such firms’ behavior. |
| accounting firm layoffs 2023: Business & Society O.C. Ferrell, Debbie M. Thorne, Linda Ferrell, 2023-01-15 Formerly published by Chicago Business Press, now published by Sage Business and Society provides a strategic framework that integrates business and society into organizational strategies to showcase social responsibility as a highly actionable and practical field of interest, grounded in sound theory. In corporate America today, social responsibility has been linked to financial performance and is a major consideration in strategic planning. This innovative text ensures that business students understand and appreciate concerns about philanthropy, employee well-being, corporate governance, consumer protection, social issues, and sustainability, helping to prepare them for the social responsibility challenges and opportunities they will face throughout their careers. The author team provides the latest examples, stimulating cases, and unique learning tools that capture the reality and complexity of social responsibility. Students and instructors prefer this book due to its wide range of featured examples, tools, and practices needed to develop and implement a socially responsible approach to business. |
| accounting firm layoffs 2023: The Man Who Broke Capitalism David Gelles, 2022-05-31 New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation. |
| accounting firm layoffs 2023: Unifying Business, Data, and Code Ron Itelman, Juan Cruz Viotti, 2023-05-31 In the modern symphony of business, each section-from the technical to the managerial-must play in harmony. Authors Ron Itelman and Juan Cruz Viotti introduce a bold methodology to synchronize your business and technical teams, transforming them into a single, high-performing unit. Misalignment between business and technical teams halts innovation. You'll learn how to transcend the root causes of project failure-the ambiguity, knowledge gaps, and blind spots that lead to wasted efforts. The unifying methodology in this book will teach you these alignment tools and more: The four facets of data products: A simple blueprint that encapsulates data and business logic helps eliminate the most common causes of wasted time and misunderstanding The concept compass: An easy way to identify the biggest sources of misalignment Success spectrums: Define the required knowledge and road map your team needs to achieve success JSON Schema: Leverage JSON and JSON Schema to technically implement the strategy at scale, including extending JSON Schema with custom keywords, understanding JSON Schema annotations, and hosting your own schema registry Data hygiene: Learn how to design high-quality datasets aligned with creating real business value, and protect your organization from the most common sources of pain |
| accounting firm layoffs 2023: IBM James W. Cortada, 2023-08-01 A history of one of the most influential American companies of the last century. For decades, IBM shaped the way the world did business. IBM products were in every large organization, and IBM corporate culture established a management style that was imitated by companies around the globe. It was “Big Blue, ” an icon. And yet over the years, IBM has gone through both failure and success, surviving flatlining revenue and forced reinvention. The company almost went out of business in the early 1990s, then came back strong with new business strategies and an emphasis on artificial intelligence. In this authoritative, monumental history, James Cortada tells the story of one of the most influential American companies of the last century. Cortada, a historian who worked at IBM for many years, describes IBM's technology breakthroughs, including the development of the punch card (used for automatic tabulation in the 1890 census), the calculation and printing of the first Social Security checks in the 1930s, the introduction of the PC to a mass audience in the 1980s, and the company's shift in focus from hardware to software. He discusses IBM's business culture and its orientation toward employees and customers; its global expansion; regulatory and legal issues, including antitrust litigation; and the track records of its CEOs. The secret to IBM's unequalled longevity in the information technology market, Cortada shows, is its capacity to adapt to changing circumstances and technologies. |
| accounting firm layoffs 2023: The Way We Build Mark Erlich, 2023-07-18 The construction trades once provided unionized craftsmen a route to the middle class and a sense of pride and dignity often denied other blue-collar workers. Today, union members still earn wages and benefits that compare favorably to those of college graduates. But as union strength has declined over the last fifty years, a growing non-union sector offers lower compensation and more hazardous conditions, undermining the earlier tradition of upward mobility. Revitalization of the industry depends on unions shedding past racial and gender discriminatory practices, embracing organizing, diversity, and the new immigrant workforce, and preparing for technological changes. Mark Erlich blends long-view history with his personal experience inside the building trades to explain one of our economy’s least understood sectors. Erlich’s multifaceted account includes the dynamics of the industry, the backdrop of union policies, and powerful stories of everyday life inside the trades. He offers a much-needed overview of construction’s past and present while exploring roads to the future. |
| accounting firm layoffs 2023: Service Profit Chain W. Earl Sasser, Leonard A. Schlesinger, James L. Heskett, 1997-04-10 In this pathbreaking book, world-renowned Harvard Business School service firm experts James L. Heskett, W. Earl Sasser, Jr. and Leonard A. Schlesinger reveal that leading companies stay on top by managing the service profit chain. Why are a select few service firms better at what they do -- year in and year out -- than their competitors? For most senior managers, the profusion of anecdotal service excellence books fails to address this key question. Based on five years of painstaking research, the authors show how managers at American Express, Southwest Airlines, Banc One, Waste Management, USAA, MBNA, Intuit, British Airways, Taco Bell, Fairfield Inns, Ritz-Carlton Hotel, and the Merry Maids subsidiary of ServiceMaster employ a quantifiable set of relationships that directly links profit and growth to not only customer loyalty and satisfaction, but to employee loyalty, satisfaction, and productivity. The strongest relationships the authors discovered are those between (1) profit and customer loyalty; (2) employee loyalty and customer loyalty; and (3) employee satisfaction and customer satisfaction. Moreover, these relationships are mutually reinforcing; that is, satisfied customers contribute to employee satisfaction and vice versa. Here, finally, is the foundation for a powerful strategic service vision, a model on which any manager can build more focused operations and marketing capabilities. For example, the authors demonstrate how, in Banc One's operating divisions, a direct relationship between customer loyalty measured by the depth of a relationship, the number of banking services a customer utilizes, and profitability led the bank to encourage existing customers to further extend the bank services they use. Taco Bell has found that their stores in the top quadrant of customer satisfaction ratings outperform their other stores on all measures. At American Express Travel Services, offices that ticket quickly and accurately are more profitable than those which don't. With hundreds of examples like these, the authors show how to manage the customer-employee satisfaction mirror and the customer value equation to achieve a customer's eye view of goods and services. They describe how companies in any service industry can (1) measure service profit chain relationships across operating units; (2) communicate the resulting self-appraisal; (3) develop a balanced scorecard of performance; (4) develop a recognitions and rewards system tied to established measures; (5) communicate results company-wide; (6) develop an internal best practice information exchange; and (7) improve overall service profit chain performance. What difference can service profit chain management make? A lot. Between 1986 and 1995, the common stock prices of the companies studied by the authors increased 147%, nearly twice as fast as the price of the stocks of their closest competitors. The proven success and high-yielding results from these high-achieving companies will make The Service Profit Chain required reading for senior, division, and business unit managers in all service companies, as well as for students of service management. |
| accounting firm layoffs 2023: Inside IBM James W. Cortada, 2023-10-31 IBM was the world’s leading provider of information technologies for much of the twentieth century. What made it so successful for such a long time, and what lessons can this iconic corporation teach present-day enterprises? James W. Cortada—a business historian who worked at IBM for many years—pinpoints the crucial role of IBM’s corporate culture. He provides an inside look at how this culture emerged and evolved over the course of nearly a century, bringing together the perspectives of employees, executives, and customers around the world. Through a series of case studies, Inside IBM explores the practices that built and reinforced organizational culture, including training of managers, employee benefits, company rituals, and the role of humor. It also considers the importance of material culture, such as coffee mugs and lapel pins. Cortada argues that IBM’s corporate culture aligned with its business imperatives for most of its history, allowing it to operate with a variety of stakeholders in mind and not simply prioritize stockholders. He identifies key lessons that managers can learn from IBM’s experience and apply in their own organizations today. This engaging and deeply researched book holds many insights for business historians, executives and managers concerned with stakeholder relations, professionals interested in corporate culture, and IBMers. |
| accounting firm layoffs 2023: Wiley GAAP 2024 Joanne M. Flood, 2023-11-21 The gold standard in US GAAP resources—fully revised to reflect the latest pronouncements US GAAP undergoes constant revision and review, requiring accountants and other financial practitioners to keep a close eye on updates and changes. Wiley GAAP 2024 offers the most comprehensive coverage of all Financial Accounting Standards Board (FASB) Topics—including all the latest updates. Every chapter offers a discussion of relevant perspectives and issues, GAAP sources, practice-oriented examples, and clear definitions of terms, concepts, and rules. Every FASB Topic is clearly explained in a reader-friendly way and includes dynamic graphics to help the reader understand and retain the nuanced subject matter. Extensively updated to reflect all current US GAAP changes, this invaluable practice resource: Reviews all the latest changes to accounting principles Offers expert guidance on complex issues raised by specific pronouncements For ease of research, includes topic-specific chapters and comprehensive cross-references Illustrates how each standard applies to common, real-world scenarios Clarifies how to implement each standard with numerous practical examples The 2024 edition includes the latest revisions to standards on credit losses, leases, derivatives, and more, plus guidance on a new FASB Codification topic on government assistance. Non-compliance with GAAP is not an option for effective accounting and financial professionals. Wiley GAAP 2024 is your one-stop resource for staying current with constantly evolving guidelines and delivers the insight and guidance you need. BONUS: Online, downloadable Financial Statement Disclosure and Presentation Checklist, now including industry- specific disclosures! |
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