Grant Thornton LLP said Tuesday that it would be handing out pink slips this week to some of its US workforce to address softening demand for its services amid a slowing economy.
The accounting firm, among the 10 largest in the US, said it would make “targeted staffing adjustments” and would invest in certain “high-growth” areas of its business. Affected staff will receive severance along with job-search assistance.
“A slowing economy and pockets of underutilization have prompted these staffing changes,” it said in a statement.
- Grant Thornton wouldn’t say how many of its more than 9,000-person workforce would be laid ...
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