Auditing firm BDO USA has laid off employees to reduce expenses considering a debt arrangement with Apollo Global Management, reports Bloomberg. Apollo is a principal financier to BDO, providing a loan facility worth $1.3bn as of August 2023 to fund its ESOP, the news publication noted. This debt was incurred to support the implementation of an employee stock ownership plan. Sources have indicated that the firm has recently made a series of layoffs and suspended non-essential travel as part of these cos ...