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.
Topics regarding layoffs at KPMG LLP
Is anybody really that secure in their position to take that risk? Honestly?
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
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
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.
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
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
Please read this: http://www.michaelwest.com.au/oligarchs-of-the-treasure-islands/ OK, feel bad now — read more
Ongoing layoffs in NYC For FS Advisory across all levels from MD to SA. About 20 let go so far as of Nov 2016
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.... :)
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....
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
I heard rumors, please share if you know more
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
Is this true, I heard that many offices might be downsizing this year?
Possible acquisition? I heard a rumor that IBM might be buying us? What do you think? KPMG-IBM alliance?
Only audit in select north east offices
What's corporate culture in KPMG Atlanta office?
Can someone share information about KPMG Senior Manager Salary in NYC and Los Angeles areas. Thank you in advance.
great office, kpmg nashville is outstanding. joined 2 years ago, still love it.
Have they started? Many people on the bench in my office...
I was terminated in July. The only explanation was, "this is not based on performance, only numbers. It doesn't make you feel any better.
anyone has details on this?
layoffs reported - aug 2013
Any news about layoffs in the short hills office?
There had been some concern among advisory professionals at EY that there could be a downsizing. It finally happened to me today at the (redated for privacy) office. Told that I appear to have topped out at Sr 3 and would not be promoted this year so... — read more
8 let go in Atlanta today
We are laying off 11 folks this month here at Alsbridge - do you know if KPMG consultants were involved?
they never stop - get used to it
any news about layoffs at our DC office?
KPMG is a weird beast and cannot be defined - each group is different, each geography is different, some folks love it, some folks hate it. it really depends how you are aligned and what your skills are. one rule of thumb here is to stay chargeable -... — read more
I was laid off back in 2010 - the best thing that happened to me that year - pay was sucky and work hours were nuts - now, I am better paid with less pressure and with shorter hours - thanks KPMG for letting me go
Albany office is going thru layoffs right now
It's that time of the year, if you are on the bench you have a problem - get staffed fast, take anything and do not whine