Andersen to Lay Off 7,000 in Sale to Deloitte

403426 01: People are seen exiting and entering through revolving doors of the building that houses the main offices of Arthur Andersen LLP April 5, 2002 in Chicago, IL. Desperately trying to reshape itself, Arthur Andersen is preparing to shed as many as 7,000 employees through layoffs and thousands more through a deal announced April 4, 2002 with the rival accounting firm Deloitte & Touche. Deloitte would acquire the bulk of Andersen's tax business, which employs several thousand people, including about 600 partners. The terms of the transaction were not disclosed. (Photo by Tim Boyle/Getty Images)