The Daily Lowdown - February 12 2025

The Wednesday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Deloitte Pulls Back on DEI

Deloitte just quietly stepped away from DEI initiatives, asking its government consultants to remove gender pronouns from their email signatures. The move comes as diversity, equity, and inclusion (DEI) efforts face political and legal pushback, especially in government contracting.

While some companies are doubling down on DEI, others like Deloitte are scaling back to avoid controversy. Whether this is about compliance, PR, or just a shift in corporate priorities, it’s another sign that the DEI era is hitting roadblocks.

Source: Sfstandard

💎 What’s poppin in accounting

Accounting Firms Hire for Growth Not Audits

Big firms are scrambling to hire "growth leaders" instead of just CPAs. Why? Mergers, private equity money, and intense competition are forcing firms to act more like businesses and less like old-school accounting shops.

These new hires are focused on strategy, sales, and scaling operations, signaling that the industry is shifting. Accounting is no longer just about audits and tax prep, it’s about expanding fast or getting left behind.

Source: WSJ

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 📊 Weekly Trend Chart

GTA 6 Has Impossible Shoes to Fill

GTA 5 sold over 195 million copies, making it one of the best selling games ever now, GTA 6 has to somehow top that. With a $2 billion budget and a decade of hype, expectations are through the roof.

Rockstar is betting big on open world innovation and online expansion, but if GTA 6 flops, it could be gaming’s biggest letdown.

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