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stretched thin

So a ton of a companies are trying to get some public financing going. What does this mean for the accounting firms? Increased revenues for 2009-2010. What does this also mean? Well, with all these layoffs we've been having over the past year, we do not have enough resources for these financings. Kinda ironic. And now, in addition to the layoffs, a few employees have begun to leave voluntarily. Now, this is good for the firms in the long run since it would reduce the need for more layoffs. But busy season could be absolutely painful. Sounds like old times.

Comments

Anonymous said…
the no. of seniors who left = no. of new g2s hired. and we are 25% leaner compared to last year same period. and the solution we were given is to be more efficient and not do unnecessary work. why not hire more ppl??? the latter is a better solution than cutting corners

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