Accountants Losing Job Security Overnight
11 posts across 4 communities in the last 60 days; 73% from r/Accounting.
“I do this work as an independent EA. In my experience, the people who have come to me after going to places you have heard of all have the same story: 'they took my money and didn't do anything.' My biggest issue with firms operating in this space is that they overcharge…”
“Ya just quiet quit... spend 60% on work and the rest on finding another gig...”
“This sound like one of my old jobs. The company I worked for was bought out by another company and so they had two separate tenants. Employees who worked for both companies would have an account in each and they had to know how to manage the two accounts.”
Several posts express concern and anxiety regarding job security within the accounting profession, specifically referencing redundancies at KPMG UK. There's also a sense of imposter syndrome and general stress related to work demands.
SOURCES (36)
“This sound like one of my old jobs. The company I worked for was bought out by another company and so they had two separate tenants. Employees who worked for both companies would have an account in each and they had to know how to manage the two accounts.”
“Yup!! Well, now they will probably have to spend a fortune on a CPA. Karma is a betch.”
“No. The other person got fired and then also quit for mental health reasons. Very different facts.”
“This is exactly why I went from starting in private to then shifting in to public”
lol…Fable has already replaced a typical accounting team for me.
“You were PIP’ed unofficially? That’s a new one. How did you come to that conclusion? Im curious”
It is scary cuz..that means the company knows how you spend
“Yup. Typical boomer bullshit, pulling the ladder up behind them so they can buy that third vacation home”
“Edit - didn't mean in a bitter / MAGA way Outsourcing good just so you can stick it to people you disagree with? How surprising on Reddit…”
“Yeah so the only accounting jobs left will be the miserable meat grinders. Industry folks for decades enjoyed cruising for a 40 hour work week, plugging in their data, making their entries, making a decent wage and enjoying their free time. Now all that is going to be gone. It will be the prompt wizards and email correspondence thats left which is the shittiest part of the job in my opinion.”
No, they are just saying that. It’s offshoring which is causing the RIFs
“I do this work as an independent EA. In my experience, the people who have come to me after going to places you have heard of all have the same story: 'they took my money and didn't do anything.' My biggest issue with firms operating in this space is that they overcharge, overpromise, and underdeliver. They do not set realistic expectations as to what is really possible. They advertise with this 'settle for pennies on a dollar' BS that implies all you have to do make the IRS”
“From what they told me, their manager (Audit) was poor at explaining and jumped around from workpaper to workpaper. I don't know much more than that. It was funny to see the teams call break for lunch...then they didn't come back and sent an email right before we got back on Teams with a resignation.”