Deloitte is laying off 200 people in Toronto in AI, consulting, audit - Business Insider

The cuts affected the artificial intelligence group, audit, and consulting.

The cuts affected Omnia AI – the artificial intelligence group – as well as audit and consulting, said an employee who was not authorized to speak to the media. A Deloitte spokeswoman confirmed the cuts, calling them "part of our normal, annual year-end process, based on business needs and forecasting for the new fiscal year."

Professional services firms have been upended by the coronavirus and social-distancing measures, which has limited their ability to perform on-site work for clients. And many companies are putting major deals and other transformational projects on hold.

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Stock market live updates: Dow down 200, reopening jitters, Tudor Jones bets on bitcoin“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next. Mnuchin is disgusting. Do you seriously believe a word he says? He does realize that regardless of interest rate, we still have to pay this back, correct? I see very large taxes in the near future. Let's reverse the corporate tax cuts and let them pay for all these costs, since it has kept the market inflated for their options. blackrock will buy junk bonds through the FED, breaking the established law.
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How to prepare your business for an audit in case of PPP loan fraud - Business InsiderFraud related to small business loans is on the rise — and the federal government is on high alert. Here's how to protect yourself in case of an audit or investigation.
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