Grant Thornton Cuts 200 US Advisory Jobs in Latest Firm Layoffs

Grant Thornton LLP has laid off nearly 200 employees in its US advisory business, marking the second round of job cuts for the large accounting firm this year.

The layoffs reflect shrinking demand for some of Grant Thornton’s offerings and its move to exit certain “specialty areas” to focus on faster-growing services, the firm said. Affected staff—roughly 2% of Grant Thornton’s almost 10,000 employees—were notified last week.

• The firm, among the 10 largest US accounting firms, reported $2.4 billion in revenues for its latest fiscal year that ended in July. Grant Thornton made a similar round of job cuts in ...