RSM massive layoff coming. Cutting assurance across the board after announcing full bonuses.

likesmarthelpful
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Post busy season RIFs. Way to treat your people. Take that as a lesson, only loyalty is to oneself. Mgmt DGAF, small group of them do but most don't. It's a cruel world.

likesmart

What does bonus announcement have to do with cuts?

like

Generally speaking bonus are a result of the year already completed. Meaning the company already has the money.

Workforce adjustments are a forward looking approach to how many people they *think* they need to accomplish the work they *project* to have. And sometimes it can be very aggressive on the number of hours they allocat per person.

I could be wrong, but I think generally bonuses are not funded from money you make in the future.

RSM desperately trying to steal the worst MM firm title from GT and succeeding

like

CBIZ as well. It's happening across the board! SMH

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How massive is massive?

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20% of audit

F

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Is audit just a dead route at this point?

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