Journal reports Grant Thornton lays off 350
The layoffs come as Grant prepares to sell itself to private equity, a first for the legacy accounting firms.
The Wall Street Journal reports Grant Thornton is laying off 350 US employees up to the managing director level in the firm’s audit, tax, and advisory practices. In 2022, Grant completed its sale of its government practice to Guidehouse in preparation for selling itself to New Mountain Capital, the largest accounting firm to sell to private equity to date.
The Journal reports Grant ended fiscal 2023 with $2.4 billion in revenue.
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