AI is transforming consultants' day-to-day jobs and letting them ditch their most boring tasks. At KPMG, junior consultants are being trained to manage teams of AI agents. They'll replace grunt work with more involvement in strategy, said KPMG's global AI workforce lead. For KPMG's newest consultants, the days of endlessly making slide decks may soon be over. The Big Four consulting and accounting firm is training its junior consultants to manage teams of AI agents — digital assistants capable of ...

Core Insights - Amazon's recent layoffs of 14,000 employees may signal a broader trend of job cuts across corporate America, potentially driven by advancements in AI technology [3][4][7] - The layoffs primarily affected early and mid-level managers in Amazon's retail division, with concerns that AWS could face cuts in the near future [4][7] - Amazon's job cuts are seen as a way to validate its AI tools, demonstrating their efficiency by maintaining operations despite significant workforce reductions [5][6] Industry Trends - The potential for mass layoffs in the tech sector is increasing as companies like Amazon leverage AI to enhance productivity and decision-making [4][7] - The trend of using AI to streamline operations may lead to a shift in workforce dynamics, with companies prioritizing technology over human labor [3][4] Company Developments - Amazon's leadership is encouraging employees to embrace AI to improve effectiveness, indicating a strategic pivot towards technology-driven operations [4] - The company's recent job cuts are part of a broader strategy to showcase the value of its AI products, which could impact its market positioning if unsuccessful [5][7]

PwC's global revenue grew 2.9% to hit $56.9 billion in its latest financial year. It also cut head count by 5,600, marking a turnaround from its previous strategy to boost numbers. Reinvention of the firm will continue in 2026, PwC chairman Mohamed Kande said. PwC's global revenue is stuttering as it struggles to grow at the same rate as its Big Four rivals. The consulting and accounting firm reported on Tuesday that its global revenue grew 2.9% to hit $56.9 billion in its 2025 financial year, whic ...