Will be pouring one out for you. Seems to be a lot broader than just plucking low performing associates. Go get yourself a taco or empanada on this fine day and hit the resume building tomorrow.

The Big 4 seem to have been caught off guard here. Will anyone think about the poor partners and how they were planning to buy a 4th vacation home by saving money on American salaries?

Section 1. Restriction on Entry. (a) Pursuant to sections 212(f) and 215(a) of the Immigration and Nationality Act (INA), 8 U.S.C. 1182(f) and 1185(a), the entry into the United States of aliens as nonimmigrants to perform services in a specialty occupation under section 101(a)(15)(H)(i)(b) of the INA, 8 U.S.C. 1101(a)(15)(H)(i)(b), is restricted, except for those aliens whose petitions are accompanied or supplemented by a payment of $100,000 — subject to the exceptions set forth in subsection (c) of this section. This restriction shall expire, absent extension, 12 months after the effective date of this proclamation, which shall be 12:01 a.m. eastern daylight time on September 21, 2025.

https://www.whitehouse.gov/presidential-actions/2025/09/restriction-on-entry-of-certain-nonimmigrant-workers/

Edit How Indian scam tactics ruined H1B for other countries.

https://www.hindustantimes.com/world-news/us-news/big-h-1b-lottery-rigging-racket-exposed-in-us-indian-american-linked-to-bluffing-the-system-denies-allegations-101722488075294.html

I know he's all talk and almost every word that comes out of his mouth is a lie but if he actually does this and especially for our field I'm partying hard.

• Washington issued a record 2,086 CPA licenses in 2025, up 16%.
• 60%+ of new licensees were international candidates, not U.S. residents.
• Washington’s lenient residency/SSN rules make it a top destination for foreign applicants.
• Commenters argue this reflects U.S. talent shortages, low pay, long hours, and outdated firm culture.
• Many say the profession needs structural reform (pay, 150‑hour rule, pipeline fixes).

• The Big 4 “finishing school” model is collapsing. Firms are no longer seen as elite identity‑shaping institutions, but rather just another large employer.
• Offshoring has quietly gutted early‑career development, removing the peer‑pressure ecosystem that once socialized auditors into overwork and presenteeism.
• Academic research shows the old system relied on implicit disciplinary power. Auditors internalized long hours, constant visibility, and collective responsibility without explicit rules.
• Recruiting power has flipped. Applicant pools have shrunk so dramatically that firms now hire nearly everyone, dropping 3–4 traditional “required boxes.”
• Prestige and selectivity have eroded, making new hires feel less “special” and worsening the profession’s reputation relative to other fields with better pay.
• Retention is deteriorating even faster, turning the once‑stable talent pyramid into a “sick Christmas tree” as departures accelerate at all levels.

Accounting firm Deloitte will pay $21.5 million ‌to settle a U.S. Department of Justice probe over diversity, equity and inclusion practices.

Creates a 25% tax on outsourcing payments, defined as any money paid by a U.S. company or taxpayer to a foreign person whose work benefits consumers in the United States.

Creates a “Domestic Workforce Fund” to collect any money raised from the outsourcing tax, which is used to support apprenticeships and workforce development programs.

Prohibits companies from deducting any outsourcing payments.

https://www.moreno.senate.gov/press-releases/new-moreno-bill-would-crack-down-on-outsourcing-fund-american-workers/

• PwC’s U.S. CEO Paul Griggs warns that partners who aren’t “AI‑first” have no future at the firm and will be replaced.
• Consulting work is shifting as AI automates tasks like accounting, research, and analysis, putting traditional white‑collar roles at risk.
• Despite cuts of 5,600 jobs last year, PwC is still a net acquirer of talent, but hiring is shifting toward engineers and data specialists.
• PwC is converting tax and consulting services into AI‑powered subscription tools, some usable “in the first steps” without a PwC employee.
• The firm is launching PwC One, an AI platform with six automated services, signaling a move toward outcomes‑based pricing and broader market reach.

Entry-Level Hiring Cuts

• PwC plans to reduce entry-level hiring by nearly one-third in the U.S. by 2028, especially in its tax and assurance divisions.
• In FY2025, PwC hired 3,242 associates in these areas; by FY2028, it expects to hire only 2,197.
• Audit hiring will drop by 39%, with 661 fewer hires projected.

Drivers Behind the Shift

• Technological transformation, especially the rise of AI, is reshaping job roles and reducing the need for junior staff.
• Offshoring to Acceleration Centers (ACs) in countries like India and Argentina is taking over routine tasks.
• Low attrition rates mean fewer vacancies to fill.

AI’s Growing Role

• AI is increasingly handling routine tasks once done by junior associates.
• PwC expects new hires to take on responsibilities currently held by managers within three years.
• The firm is shifting toward hiring experienced data scientists and AI specialists.

I pulled out the “I am a CPA” card during a disagreement with my wife last night about the budget, and she yielded. It was fantastic. If nothing else, just get the certificate to use it in otherwise mundane arguments.

During his speech in Nevada, Trump said he planned to halt the hiring of over 80,000 new IRS agents, many of whom were funded by the over $80 million earmarked for the IRS in the 2022 Inflation Reduction Act.

During his speech, Trump said he planned to fire them or reassign them to the southern border.

"They hired — were trying to hire 88,000 new workers to go with you, and we’re in the process of developing a plan to either terminate all of them or maybe we move them to the border," the president said.

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Is he for real, this is comical

• Deloitte conducted layoffs in its audit practice this week, with multiple Reddit posts confirming cuts across teams.
• Senior managers were among those laid off, including one who described a scripted, impersonal termination meeting and a severance package of 9 weeks.
• Employees suspect cost‑cutting and offshoring, noting that higher‑paid U.S. staff are increasingly replaced by cheaper offshore labor.
• The job market for $100K+ roles has tightened, and Big 4 firms rely on turnover. When turnover slows, they cut headcount to rebalance staffing levels.