KPMG US announces deep pension and 401k benefit cuts. And no raises unless your one of the few being promoted.

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I think D has said this too. Can any confirm?

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Its the same as EY, except we get it from day 1. 25% of 6%....

How on earth do they shave it down from a 1.5% match??? Damn. Now uncle d has some ideas.

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Match was 2.5%, went down to 1.25% for 401k lol.

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KPMG will be lucky to survive, the weak Wildebeest always goes first.

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Indeed...the straggler makes for easiest prey.

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And headcount reduction decision in 30-45 days.

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Leadership stated they would announce decision on headcount in 30-45 days. There was no announcement to reduction of employees. Just that they would be assessing it which means it’s likely to occur.

Sorry KPMG folks.

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Can anyone invite me to their bowl? Former employee here.

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Do they have a bowl!?!

What’s the point in working hard for the rest of the year? No merit increases means I’m done working weekends or past 6.

We should’ve trimmed the fat months ago so we could keep our top performers and compensate them properly.

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Partners already fleeing if they’re any good thanks to the 50% paycut. The unemployable are still there though.

Better than nothing. Hope it's just temporary.

Totally temporary. 5-7 years tops.

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