Thread regarding Grant Thornton LLP layoffs

Brain exodus has begun

CEO Preber and Senior Leadership Team is running amuck trying to shore up Earnings per Unit. The firm was hit hard by a sizable litigation judgment and the government shutdown in the fiscal year than ended on July 31, 2018. As such, they decided to axe not people but entire practices without considering the consequences. As a result morale has plummeted, especially in the future engine of the Firm - Advisory -and the brain exodus has began. Indeed, Advisory has long term client engagements it sold pre-layoffs that it will be difficult to service with the required resources. Very sad and a failure of leadership who cannot think past current year Earnings per Unit.

@10vwqHEM-lduo hits the nail on the head.

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| 1862 views | | 2 replies (last October 5, 2019)
Post ID: @OP+10RvdzlE

2 replies (most recent on top)

It gets worse - at the las vegas pow wow the leadership was unable to articulate the firms strategy, best it could do was introduce the new leadership team with pictures of family and dogs... And the companies purpose TBD...seriously the company has fallen off the rails

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Post ID: @wqhh+10RvdzlE

Aside from this be warned - we have minimal raises and very poor bonuses, they start you out high - fair enough but you stay at that salary level - even after they promote, Grant Thornton will adjust it only slightly - so, what kind of promo are we talking about here... Right, it's not...

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Post ID: @lzei+10RvdzlE

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