Baker Tilly Layoffs, any details?
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Firm has been mismanaged last few years. Our high bill rates combined with lack of talent has not won any new work, only purchased growth. These bought firms were also mini disasters so fallout will continue there too but their results blended with rest of the existing units pulls down units results so benefits have been cut, comp increases have been minimal and employees have been increasingly disgruntled and just collecting checks with limited effort.
It’s a merger, I guess we know who wears the pants in this relationship
Performance based, happens every year.
Hey EY1 your brain not working right today ?
They do this cull every year right before the fiscal year end. Been here 8 years and it has happened every year.
All of Moss Tax like when Clifton and Larson merged and one firm's Tax folks were fired after April 15th
The merger isn’t effective until June. This happens every May at BT right before the end of the fiscal year.
Moss Adams policy has been finishing integrating after year 2 of an acquisition. They like to pull the bandaide off so the newly acquired firm is fully integrated. They try to keep people the first year and after the integration is done they don’t care if anyone stays or leaves. Integration is painful and time consuming on top of client work. We always had major system changes every year now it will be on steroids.
Also moss does layoffs but very rarely. I have only seen two in over a decade.
Moss is no longer Moss. The PE firms funded the deal with Moss through BT. The Moss leadership has new bosses to answer to.
I was separated from BT this week. I was 5 months at my position and the principals were struggling to keep me busy. As a manager, I only get random staff-level works, helping other nearby offices, not the office hired me. My coach told me that I was not performing at the level they expected, while I get good feedbacks from people who I closely worked with. I admit that I am not fully up to speed on the new firm and the new position yet, but I feel I was not given enough time to prove my value and to contribute, and they did not have the time/want to invest in me because our service line (governments) is just not lucrative at all. Anyways…I will switch my career path into a different industry even if I have to lower my pay grade.