Following Deloitte, KPMG explores sale of restructuring arm [Consulting.uk] On the back of a number of accounting scandals involving the Big Four, the UK’s audit watchdog of the Financial Reporting Council has effectively banned Deloitte, KPMG, EY... — read more
Topics regarding layoffs at KPMG LLP
KPMG severance package
What does the package look like for IT staff? Does it come with any kind of extended medical coverage? I haven't heard anything about more layoffs, I'm asking just in case - just to make sure that if something happens I know what kind of level of... — read more
Interns
The 2020 interns were virtual and it was only for 2 weeks but everyone got FT offers for next year
1400 or 4%
Per Business Insider (link below)... KPMG just axed 1,400 US jobs across tax, audit, and advisory businesses and is also cutting some workers' pay KPMG, one of the so-called Big Four accounting firms, laid off 1,400 of its 35,000 US employees... — read more
Severance
I was laid off today and will receive a severance of 4 weeks. Some colleagues who have been with the firm several years only got 6. This is very low when you consider mass layoffs. There’s an option to sign a release agreement which gives 10% bonus... — read more
KPMG Sept 2020 Layoffs ---> 1000+ to be let go (already in process)
It's not only "Advisory" that will be hit - there will be deep cuts in Audit and Tax as well. Also admin folks will be affected and some will take pay cuts. Here is what I heard from a partner source: a) Advisory - about 400 b) Tax - about... — read more
Advisory Layoffs - Selection Criteria
What kind of selection criteria will be used as we go into Advisory layoffs?
Advisory Reduction in Force (RIF)
Just got an email from Carl Carande US Vice Chair Advisory. States that the pandemic has caused a downturn in business and as a result they will be having a RIF. Impacted personnel will receive an meeting invitation and email from HR by close of... — read more
E.A. Layoffs by KPMG
This is ongoing and I think they will be done by EOM. Not cool at all.
So far at KPMG no layoffs, but no bonus or merit increases.
How do you think your company is faring the new market conditions, and do you think the measures taken have been fair? So far at KPMG no layoffs, but no bonus or merit increases. Promotion increases are still happening, but hard to tell if... — read more
Audit - Cuts Happening Soon (Texas)
Employees have been told "If you don't like public accounting, let us know and we'll help you find a job elsewhere". Vacant audit positions across the country have been mentioned in case employees wish to transfer. Cuts will be happening very soon as... — read more
Digital Nexus
Layoffs yesterday and today. Jobs moving to Mexico and India.
Red wedding today....
350ish cuts today at kpmg us.......
Better?
On a firmwide call yesterday KPMG said they were doing better than their worst case scenario projections, so there's that I guess.
Impacts so far - KPMG US
KPMG US 50% reduction in draws for partners through Sept. 30. No variable compensation in FY 2020. Hiring freeze. Reduced capital investment. No Encore awards in FY 2020. No summer gifts to employees in FY 2020.
Why would you reject a pay cut?
Is anybody really that secure in their position to take that risk? Honestly?
Pains...
I can confirm Lynne stated in the latest video update that “our partners are doing everything possible to avoid layoffs” and that a “reduction in force will be the last resort.” 50% reduced partner draw for the rest of the fiscal year (through... — read more
KPMG CEO Lynne Doughtie Assures Employees No Layoffs Are Coming
https://goingconcern.com/kpmg-ceo-lynne-doughtie-assures-employees-no-layoffs-are-coming/
Canada Cuts in Progress (April 2020)
It has started. KPMG Canada offices in several locations are being hammered - the biggest cuts are in Toronto, also hit Vancouver and Calgary. They are going after lower ranked folks, people that were held back - I hate to call them low performers... — read more
KPMG layoffs 2019 NOW
Feb. 2019. Advisory across the country. They will never stop. Advisory is never KPMG’s favorite child. Looks like they have been doing the advisory layoffs every 2 years.
Major layoffs at KPMG
This time it's South Africa, nearly 400 people will be cut. This seems to be specifically related to corruption scandals, so whether this will spread to other countries is doubtful but remains to be seen... — read more
Move to Deloitte or PWC now
Just because we use the term "big 4" doesn't mean that they are in the same category. To be honest, working for KPMG or EY is like being om a minor league baseball team that doesn't even have a good pro team. Please understand this is not intended to... — read more
Don't Feel Bad
Please read this: http://www.michaelwest.com.au/oligarchs-of-the-treasure-islands/ OK, feel bad now
Layoffs in FS Advisory NYC
Ongoing layoffs in NYC For FS Advisory across all levels from MD to SA. About 20 let go so far as of Nov 2016
ANY WORD OF FORMER RK PARTNERS LAYOFFS NOW THAT CONTRACT IS UP?
Just curious if anyone has heard of the layoffs of the former RK partners that were acquired by KPMG now that the contract is up...waiting for karma to come full circle.... :)
Former Sr Associate
Yup lot of folks have been laid off in credit risk and mortgage and consumer lending practice. Including executive level folks like 1 Director Hemanth Brindavan and One Managing Director Anita Agarwal....
This is from last year
Old news but very interesting indeed: The reduction in the number of partners at KPMG follows a fall in profit to £383m in the year to 30 September, with a modest rise in revenue meaning it was overtaken by EY to become the smallest of the quartet... — read more
Any updates on the ongoing 2016 Layoffs at KPMG?
I heard rumors, please share if you know more
SRED
FYI - SRED = The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct... — read more
KPMG Canada downsizing 2015
Is this true, I heard that many offices might be downsizing this year?
KPMG-IBM
Possible acquisition? I heard a rumor that IBM might be buying us? What do you think? KPMG-IBM alliance?
May 2014 Layoffs
Only audit in select north east offices
KPMG Atlanta
What's corporate culture in KPMG Atlanta office?
KPMG NYC Senior Manager Salary
Can someone share information about KPMG Senior Manager Salary in NYC and Los Angeles areas. Thank you in advance.
kpmg nashville
great office, kpmg nashville is outstanding. joined 2 years ago, still love it.
KPMG Layoffs in 2014
Have they started? Many people on the bench in my office...
how many folks do you have in canada
just asking