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Top thefinancestory.com News

The DOD’s tech agency braces for 10% workforce cut

JP Morgan · United States

The DOD’s tech agency braces for 10% workforce cut

60% Center coverage: 5 sources

The agency hopes to bring some staff back in a “surgical rehiring,” said Lt. Gen. Paul Stanton, head of the Defense Information Systems Agency.See the Story

Big Four Firms Race to Develop Audits for AI Products

Artificial Intelligence

Big Four Firms Race to Develop Audits for AI Products

100% Center coverage: 1 sources

Accounting groups hope to emulate previous profit gains from audits of companies’ ESG metrics See the Story

Big 4s - Deloitte, PwC, EY, & KPMG rapidly expanding their Tech

Technology · India

Big 4s - Deloitte, PwC, EY, & KPMG rapidly expanding their Tech

Big 4 – Deloitte, PwC, EY, and KPMG are quickly growing their technology consulting arms—going head-to-head with traditional IT giants like TCS, Infosys, and Accenture. According to The Economic Times, in FY24 alone, the Big 4 in India earned ₹20,000 crore from tech consulting — over 50% of their total revenue of ₹38,500 crore. So what triggered this transformation? 2000. Why Big 4s gave up their IT consulting arms In the late ’90s, the Big 5 (b…Read Article

ICAI Approves Draft Regulatory Framework for Global Tie Ups of CA Firms

ICAI Approves Draft Regulatory Framework for Global Tie Ups of CA Firms The Institute of Chartered Accountants of India (ICAI) has approved an important draft rule. This rule will allow local chartered accountant firms to partner with their international peers and start businesses in India, as per ICAI president Charanjot Singh Nanda. This initiative is […]India · India See the Story

BDO India looking to raise private equity, diluting 15–25%

BDO India is scaling up — and PE firms are circling. (via Economic Times) Restructured from LLP to private company at ₹750 Cr ($90M) valuation Open to diluting 15–25% in fast-growing non-audit arms (tax, deals, tech) Clocking 26–30% YoY growth; eyeing ₹1,500 Cr revenue by FY25–26 If sealed, this would be the first-ever PE deal for any BDO firm globally. BDO India hasn’t confirmed the deal — yet. BDO India eyes capital boost across two strategic…Mumbai · Mumbai Read Article

Deloitte to add hundreds of tech jobs across the UK, over the next 3 years.

Deloitte UK’s new Technology Delivery Centres are coming up in Belfast, Cardiff, Manchester, and Newcastle. They are expected to create hundreds of new jobs over the next three years. Projected to launch on 1st June 2025, these centres will focus on providing digital solution design, cloud engineering, and AI integration to clients. What’s happening at Deloitte UK? There is a rising client demand for smarter business solutions and top-tier tech…Belfast, United Kingdom · Belfast Read Article

Randstad India CFO says executive hiring booming

15,000+ new hires are incoming at Randstad India — and that’s just for staffing roles, according to CFO Nagesh Bailur in a chat with Alekh at ETCFO. Randstad’s executive hiring is also going to skyrocket this year. What is Randstad? Headquartered in the Netherlands, Randstad NV is a global specialist recruitment agency: It provides a robust HR services portfolio from: Staffing Executive Search Recruitment Process Outsourcing (RPO) And guess wha…CFO · Mumbai Read Article

FTI Consulting Doubles Down on the Middle East

The Middle East is transforming—and FTI is right in the thick of it. Antoine Nasr, ex-Kearney and a trusted name in GCC public sector advisory is now Head of FTI Middle East. He will continue leading Strategy & Transformation while scaling the region-wide agenda. He succeeds Vikas Papriwal, who now leads Corporate Finance & Restructuring in the Middle East. FTI’s Middle East Momentum FTI, headquartered in Washington, D.C., specializes in corp…Riyadh · Riyadh Read Article

Auditor EY sued for $2.6 billion in damages by UAE's NMC Health

100% Center coverage: 1 sources

London court hears call for damages after 'disgraced' auditing efforts over seven years allowed 'massive fraud'See the Story

Microsoft fires 6000...to sharpen focus on AI

What happened? Microsoft is trimming 3% of its 228,000-strong workforce—about 6,840 roles. Hardest hit: Software engineers! Why now? Satya Nadella has made it clear: AI now writes 20–30% of Microsoft’s code. Fewer engineers, leaner teams, faster AI-driven delivery. In 2023 they cut 10,000 job roles and 2,000 in gaming earlier this year! Anatomy of the layoff In Washington state—the heart of Microsoft’s operations—2,000 positions were eliminated.…Microsoft · Redmond Read Article

Global Giant Creating 100 Tech and AI Jobs in Greater Manchester - Manchester Evening News

100% Center coverage: 1 sources

Deloitte promising 'multi-year technical training programmes' to help people into techArtificial Intelligence · Manchester See the Story

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