President Donald Trump has asked the SEC to investigate whether fewer earnings reports could benefit companies, saving money and allowing managers to focus on running their companies. Companies favor the switch to semi-annual reporting, but the change could impact thousands of white-collar jobs.

Investor relations and communications professionals play a key role in quarterly earnings by conveying a company’s story to various stakeholders. Despite the potential benefits, reducing earnings might not ease their jobs as investors often demand detailed information.

Theoretically, C-Suite executives could benefit the most from fewer earnings reports, gaining more time for strategic initiatives. However, experts doubt this outcome, as many companies in other regions continue to report quarterly. The biggest losers may be ad-hoc professionals like lawyers and auditors who help compile quarterly earnings.

Reducing earnings requirements could also impact financial services data providers, who may see increased business opportunities. However, hedge funds, reliant on traditional products like consensus estimates data, could face challenges with fewer trading catalysts. The immediate impact could be felt by hedge funds, often making significant profits during earnings season.

Read more at Yahoo Finance: How Trump’s quarterly earnings shake-up could disrupt the white-collar ecosystem