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

Accounting Jobs Are About to Get Slashed

Old model was simple. Hire a bunch of juniors, work them to the bone, and a few would climb the ladder to partner. But that model is collapsing. Over half of accountants think headcount will shrink by 20 percent in the next five years. At the same time, demand from clients is rising. The math does not work.

That means fewer juniors and way more skilled specialists in the middle. The entry-level grind is being replaced by tech and automation. If you're coming into the field, you better bring something to the table besides a fresh degree.

The ladder is gone.

Source: CPA Practice Advisor

💎 What’s poppin in accounting

RSM Is Dropping $1 Billion on AI

Accounting giant RSM is going all in on agentic AI, dropping $1 billion over three years to transform how it works and serves clients. They say it’ll make audits faster, tax filings smoother, and client service sharper. This comes as RSM US and UK gear up for a mega merger that will create a $5 billion firm across six countries.

Nearly 80 percent of mid market finance leaders say they’re boosting AI budgets this year, and 86 percent say AI is the key to better financial reporting.

Source: pymnts

 📊 Weekly Trend Chart

America Trusts One Thing: The Weather

Walmart is rolling out drone delivery to 100 more stores across five cities, Atlanta, Charlotte, Houston, Orlando, and Tampa, thanks to a partnership with Alphabet’s drone company Wing.

They’ve already done 150000 drone drops since 2021 and now millions more customers can get groceries flown to their doorstep in under 20 minutes. It’s a small piece of Walmart’s 4700 store empire but a big flex in their fight to catch up to Amazon online.

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