A minor detail
PwC is apparently worried that not enough people are leaving the company, and is instead going to launch a round of voluntary and then if necessary compulsory redundancies.
We should not worry too much about the prospects for such people they are probably still very good, but the reason that PwC and other big accountancy and advisory firms are shedding staff is that not as many people are leaving as used to.
The reason behind that needs some investigation, because many used to leave every year to join start ups and technology firms. Presumably in the hope of making an even bigger killing than the average £900,000 a year partners make.
So that raises the question, where are all the start ups? Where are the thrusting new businesses in need of tax and financial advice who used to head hunt in the Big Four?
A small indicator perhaps, a temporary phenomenon perhaps, but a slightly worrying one too.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.
By Jonty Bloom Media