Forvis Mazars has trimmed its US workforce by around 3% in a restructuring move driven by lower-than-anticipated employee departures, the Wall Street Journal (WSJ) reported.
According to the report, the accounting practice has cut around 250 roles across its US business, which employs more than 7,700 people.
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Staff in audit, tax and advisory services were among those affected.
Forvis Mazars was quoted by the publication as saying in a statement: “We regularly evaluate our current business demand to ensure we are positioned to deliver exceptional service to our clients while maintaining a strong talent pipeline.
“This assessment sometimes results in targeted workforce adjustments to align our staffing levels with business needs.”
The reduction follows Forvis’ takeover of Mazars’ US arm two years ago, completed under a new cross-border partnership structure.
That deal created a combined international audit and advisory network with annual revenue of approximately $5bn at the time.
For the year ended August 2025, Forvis Mazars reported global revenue of more than $5.7bn (€4.87bn), an 11% increase on the previous year.
In the US, the company recorded $2.2bn in revenue for the year to May 2025.
Accounting practices have been revisiting their ownership models amid rising capital requirements and persistent challenges in attracting and retaining staff, the WSJ added.
At the same time, many are seeking to reverse the hiring growth that accelerated during the pandemic.
Recently, it was reported that KPMG is also planning to trim its number of US audit partners by roughly 10%. As a result, around 100 partners will leave the company.
