KPMG firm-wide layoff announcement today at 12:30ET.

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Stay strong KPMG family. At least KPMG is labeling the correctly and not naming them "performance separations" like EY.

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“Separation from the firm” if I heard correctly on the call just now

Prayers and well wishes for my friends and colleagues at KPMG. Hang in there!

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Stay strong K 🐠, hold the line, HOLD THE LINEEEE

likefunny

K analysts still employed after today:

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likefunny

How are you guys laying off when we don't have enough people to staff all of our teams?

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Thank you for being so generous with your time and answering my questions. Sincerely appreciated 🙏

funny

Stay strong Team K! The situation sucks and I hope the universe rewards everyone impacted 10X over.

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Just got an email about an important meeting at 1 pm. Looks like it’s real. :(

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Dam. Stay strong friend.

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Sincerely sorry to hear that KPMG folks!

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Final number

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396 out of 11,200 Advisory professionals will receive meeting notifications within the next 2 hours from HR to review their severance package. Those impacted will also receive health care benefits, outplacement services, and a transition advisor to help with resume editing, interviewing, and networking. Other lines (Tax, Audit, and back office) will also be impacted but I’m not sure of final numbers yet.

likehelpful

Plot twist: announcement is that there will be no layoffs! *wishful thinking*

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We still haven't done an across the board pay reduction, which I believe was a "lever" mentioned at the beginning of COVID.

Who knows if this is a legit layoff or just something else. Few more minutes and we'll know.

Is this for real?

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It’s for real

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Start uploading your work samples to the cloud!

likefunny

Oh cognizant, you silly goose

Stay strong guys!

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Please update here on what happens! Ik starting with KPMG on 2 weeks lol

likesmart

Hodor

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Legit. Got cut.

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What level and how many years of service?

Wow sorry to hear that. Is anyone in the public sector looking for a position. My firm is hiring.

smarthelpful

I am

Did anyone receive layoff notice? They normally do this mtg after the layoff!

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Casualty checking in

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Doesn't seem to be as bad as Accenture

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A7, I don't know a single market where a two hour notice is illegal for a universal call. If it's on company time it doesn't matter. It could be on 10 mins notice.

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