Grant Thornton Lays Off About 150 Workers in the US, WSJ Says

Grant Thornton laid off around 150 staff in the US, or about 1.5% of its roughly 9,700 employees there, the Wall Street Journal reported, citing people familiar with the matter.

The layoffs span the accounting firm’s advisory, tax and audit businesses, the report said. They’re aimed at “meeting market demand and reallocating capacity from where growth has slowed,” Mark Margulies, national managing principal for US tax services, said in a memo cited by the newspaper.

Grant Thornton said in a statement to the Wall Street Journal that the firm has “made targeted staffing decisions to best meet the needs ...