Accenture bets on British AI talent with Faculty buy Tech Professional services firm Accenture has announced the acquisition of London-based AI specialist Faculty, in a deal that cements the City’s role as a global talent hub. The Dublin-based US firm said the acquisition will bring more than 400 AI specialists into Accenture’s workforce, deepening its capabilities in applied AI, decision intelligence and AI safety. The [...]
McKinsey slashes 10 per cent of jobs in major overhaul Business Consulting giant McKinsey has unleashed one of the largest job culls in the company’s history after ten per cent of staff faced the chop. The New York-headquartered firm has reversed major expansion plans, which peaked during the pandemic, as it aims to drive profitability. The consulting firm has reduced its workforce to 40,000 over the [...]
PWC cuts partners and apprenticeships amid slow demand Business Consulting giant PWC UK has made record cuts to its partner ranks and paused its tech apprenticeship scheme to protect partner profits in the face of a sharp decline in consulting demand. According to corporate filings, 123 partners left the Big Four firm in 2024, more than double the annual average since 2002. Meanwhile, the [...]
British financial services consulting market set to struggle this year October 14, 2024 Consulting for the global financial services sector is expected to rebound this year, but the UK is expected to remain in the red for 2024
EY pushes back graduate start dates as deals market slows October 13, 2024 Accounting giant EY has postponed the start dates for around 200 graduate hires as it grapples with a slowdown in business activity. New recruits set to begin their roles at the company’s strategy arm, EY-Parthenon, in the US next month or in January will now not be needed until mid-2024. To support affected recruits, EY [...]
Alpha Financial Markets: Consultancy sees trading boost despite ‘challenging market conditions’ April 11, 2024 Alpha Financial Markets Consultancy, which offers professional services to the financial services industry, has reported improved trading in recent months after "challenging market conditions" dragged on performance at the start of 2024.