{ "media_type": "text", "post_content": "KPMG fam, have you heard of any layoffs in our firm?", "post_id": "57d162b2b60aab0015fcec3e", "reply_count": 20, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

KPMG fam, have you heard of any layoffs in our firm?

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Here's to hoping its for real. Don't shade on ACN too hard; we've just all seen similar messages from our firms only to see substantial cutbacks. What I'm really interested in is this "kookaid batter". You're sitting on a gold mine, Trebek!

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No. Official email went out that said no layoffs.

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Hahaha - no offense but I would never believe an official email about layoffs. Firms will do whatever they need to keep their margins healthy and it is unlikely that they will publicize cuts. K may not be having layoffs but be careful about drinking the kool -aid. You always want to be prepared no matter what the emails say.

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Our firm actually talks about things ACN. The email was an action plan not Koolaid batter. No layoffs, attrition to be expected. No one is walking out with a random unexpected pink slip.

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Does the audit side count? I read on Reddit that there were layoffs in the Houston office.

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https://m.reddit.com/r/Accounting/comments/4s6p58/houston_kpmg_office_employees_placed_on_pips/

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Might want to read another Poster who just lost his job at K.

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14 minutes ago

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Leave it be, FB fam. KPMG is layoff proof because @K1 says he received a firm wide email this morning. Move along folks.

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Thanks K1

My director got counseled out which was due to poor sales numbers

I just checked with the 6 people I know in audit in Houston. No layoffs. Counseling out is expected but always after a warning or two.

Looks like KPMG is trying really hard to keep it on the DL.

Pip isn't a layoff. I've known people to get off it and even get promoted the year after it. We lose 5-10% to attrition every year this year is not expected to be any different

Based on the util and the grammar on that post, can't say it looks like it was unexpected.

@k1 - wow, can't believe your lack of compassion. Are you even a human being? Grammar is not the first thing you think about when a job is lost. Good luck to you, cause one day you will fall off that unbelievably high horse you are on.

I have been laid off before. I know the shock, reaction, sense and blame. That's human. Wondering why 50% wasn't enough to keep someone around when the goal is 85% is not. I am not seeing that reaction in that kid.

K1 - which practice are you in? I never got such email. It must be specific to your practice and not firm wide. Peace ✌🏻️

It went out to all advisory folks 6 weeks ago after the Orlando AU.

People will voluntarily leave after Oct 15 when the new salary kicks in and bonus is paid

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