So far I’ve seen posts about EY, KPMG, and BDO’s upcoming comp reductions. Curious if other firms have made similar announcements? Can’t imagine anyone will be immune to this, just hoping no layoffs

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Our CEO has weekly meetings. Furloughs and comp reductions discussed. I think the length of this will determine if layoffs occur, but our firm is committed to saving jobs. Partners have taken reduced pay and others of us have volunteered to take cuts or be furloughed to save jobs.

like

Hopefully the cuts will be enough! On a positive though, seems like your CEO is trying to be transparent. I really hope that when a decision is made for our firm that they do the same

like
Recent IconRecent

There are no comp reductions at EY or KPMG. The announcements were related to year-end bonuses. BDO is the only large PA firm I know of that has instituted actual comp reductions so far.

likesmart

Yeah, that sounds similar to ours. But there are definitely some outliers popping up in the 3-5k Range (not this year of course...)

CLA took 10% off of almost every employees salary last week for the rest of 2020

like

😢

BKD has hinted at, but not clear what they are going to do. Should know by end of month

like

Next year will be a tell all also after clients end up impacted over the longer term

like

Very true

CRI just made 10-30% cuts

Thanks.

A few layoffs happened today actually, although information is still scarce and leadership hasn’t said ANYTHING. Checkout the recent posts in the Crowe bowl

Do you know if the firm is hiring? Looking to make a switch

None that I've heard of at GT yet, but I'm guessing we'll see cuts in one form or another in the upcoming weeks.

Update: in an ironic twist, I was one of the ones laid off at Crowe... 😢

Sorry to hear the news.

Related Posts

How are the salary hikes at nagarro? I heard the hikes has decreased! If yes what can I expect after a year? I am 4 year experienced

I heard through a family friend that someone was making $130k as a 1st year Senior Financial Analyst at KPMG in Philly. Seems a bit steep was seeing more like $110k total comp but was curious to know.

likefunny

Well this is a fun juxtaposition, EY & KPMG to repay pay cuts, Deloitte sacking people 🤦🏻‍♂️ might be time to stop tooting their own horn!

Post Photo
likefunny

Just got 145k s2 fdd offer with EY, is it worth moving from Canada?

like

#help - Need suggestion for my friend
YOE - 5.8
Tech - Java8 + Spring Boot + AWS
Currently in 3rd Services bsd company.
Target - Good Product based
Now TCS is ready to offer 14.5 LPA. If i take It will help me with financial goals like 2 Sisters marriage and My health treatment …I have some chronic disease.
Should I join TCS ? Or keep trying product based until I reach the goal.
If i join TCS can I get into a product based company with 8 years experience and 4 Service based companies ?

like

I just got laid off — anyone else get hit this round? ☹️

like

What is the payout to front end consultants with 3-4 years in MBB ?

like

How much is salary range for full stack specialist ( grade L6) role @bny ?

Can anyone help me with this information so that I can negotiate with HR/hiring manager accordingly.

like

Anyone here get laid off and then lateraled? Are you happier now?

like

What is a good salary expectation for senior writer?

like

I have many options to consider but two options below are what I’m thinking of right now.

I want to see your thoughts on which one I should pick.

Job A: Project Engineer. 135K/yr base. 10% signing bonus.

Job B: Senior Project Manager. Contract. $60/hr standard. $90/hr overtime.

Additional Information added / pinned in the comments.

Who was around in 2008/2009 at big 4? Specifically in advisory? How were those practices affected during the layoffs? Any insight to ease some of the worry/unknown would be greatly appreciated.

likehelpful

How much do principals at IQVIA make?

like

I got promoted but only got a 3% base bump. Shouldn't it be more like 7-10%?

like

This question is for the project manager/resource manager. Project allocation will be done based on band or based on package in TCS

like
like

Does any one know UK onsite salary for manager role for short term

I’m starting in audit accounting in Charlotte, NC as an associate. What’s the best way to find out how much I should be looking for when it comes to salary?

like

I have an upcoming interview for a principal project manager position with my company. How can I ensure I get a huge raise?

like

Whats a typical protiviti r&c director salary in a medium col city? Any idea??

like

More Posts

My company announced a hybrid plan starting in September (1-3 days per week in the office). Did anyone else’s company announce a hybrid plan?

like

Best way to spend a couple days off right now in the bay? Dying to do something outdoors.

like

How many things are you guys adding to your registry? Are they at various price points?

like

Anyone works in Dell’s tax or accounting department?

like
like

If anyone has fund accounting jobs available I’m interested - started my career in that I’m ready to go back . Looking for $90k

like

Hi fishes, How will the below assessment in hexaware
DA_ Selenium_Java_Automation Testing_HTD_2021

It was scheduled for tomorrow.
My experience in 2.11 years in automation testing

like

Hi! I have a very demanding role as a comms director, but still make time to volunteer on the side for some women's organizations I am proud to support. Lately though, the work has been piling up and it's almost as if I have two full-time gigs. I've brought this up as graciously as possible with the orgs, but sometimes I feel I'm being guilted into taking on more work. Best etiquette in this situation? I don't want to leave the roles despite the overwhelm.

like

In my offer letter, nothing is mentioned about variable pay, but the recruiter had mentioned to me about 0-12% variable. Am I missing anything. Do they have any variable component in the salary or not.

Dear Fishes,

Could someone let me know which is better to join IBM or deloitte USI both are offering same package?
Experience: 3.10 years
Role: Automation testing with selenium and Java

like

What's the bench policy at IBM ? For how long one can stay in bench.? How much time it will take generally to get the project/assignment. IBM Tata Consultancy

like

If anyone (non EY) wants some referral money, I am looking for a job. Have 1yo in EYs Technology Risk Advisory practice and Gold Standard reviews. Also speak 3 languages but I don't think it matters.

like

Can anyone help me with a referral in big4?

Skills: Devops & AWS
Yoe :4.5

like

Hello Everyone,
Can anyone help me from Barclays, what will be Variable component % which is not part of CTC offered.
HR told me Variable component will be over and above CTC offered.

like

Hi Fishes, I have received an offer from Barclays for AVP position. But the role discussed during interview was for Tech Delivery Manager whereas the offer letter mentions it as Tech Delivery Lead. Can you guys please suggest if it is the same role or should I request recruiter to get the role updated? Moreover it would be great if any of you can shed some light on the prospects/challenges of this role based on your experiences. Barclays Barclays global service center

like

Hi All,
Hope everyone is doing well.
I recently joined Barclays and I have one doubt regarding bonus part in my salary which is not officially mentioned anywhere in my offer.

Can anyone please tell how we get annual bonus in % on Below Salary components.
Is it on BASIC SALARY or ANNUAL SALARY or TOTAL FIXED PAY.

Post Photo
helpful
like

Why? On any social network for that matter🙄🙄🙄

Post Photo
funnylike

Is there an appropriate way to turn down an assignment because it is non-billable? Two of the partners I work for keep asking me to write client bulletins and articles with them, which is great, but now I’m starting to worry about meeting my billable hours requirement.

like

Can anyone refer me to Nokia for R & D engineer position.
My exp: 1.8

like

Additional Posts in Audit Bowl

How much of the wkp from a predecessor auditor can you get access to? Also, do they just let you look at it or will they give you access to it for a specific length of time to look over it

likehelpful

Typical % salary increase for promotion to senior?

like

Does anyone have any insight into partners retiring early? I am at a point where I need to consider leaving if I am not aiming for partner. I don’t see myself working past my 40s. My partner and I are not big spenders and anticipate have enough to retire comfortably in 40s (obviously a lot can change). I have been assured I will become SM in next year (currently 31 years old).

like

Senior revving up to manager promo. Only nervous about one thing at the manager level which is having to answer pointed “Why??” questions from higher up clients on live calls. Any one else work through something like this? I’d appreciate any tips or suggestions as I really suck at dealing with unexpected push back.

likehelpful

At what point are you too specialized to lateral to internal audit? (PA, consulting, or industry roles) Currently have 2 years of external audit experience and 2 years of forensics: I always thought of internal audit as a decent exit but I’m beginning to get worried about getting too specialized to make that move one day

like

So, I'm sure this has been discussed. What would be a cut off for when to leave without necessarily burning bridges? End of October? End of November?

like

How do you know if Audit is for you? I’ve been in tax for a year and I feel that it’s not something I see myself doing for the long haul. Any pointers or advice?

like

Has anyone quit without backup offer? Did you regret doing so?

like

Is $84K base for audit senior 1 in Seattle considered okay?

helpful

What tools are y’all using for anything digital innovation related and what type of work are you using them for?

like

Email on your phone. Why do you or why don’t you have it? Pros and cons?

So what's the deal with read receipt requests? Are they timing people once they have that notification? 🙄

likefunny

Busy season continues

Post Photo
likefunny

EY feels kinda...cheap. Are the other B4 like this?!

I think auditors that work on public engagements should get paid more than auditors that do not. What are your thoughts?

like

So is being an in-charge sitting around doing stuff all day but still feeling like you got nothing done?

likefunny

What do senior associates in Chicago make?

like

Why do people accrue prepaid expenses?

What are the exit opportunities for a tech auditor? Need to get out of audit as soon as possible. I really don’t want to get stuck here.

Also I’d like to start a family soon so I’m trying to raise my TC significantly (don’t we all)

Location: Dallas
TC: 75k
YOE: 2

likeuplifting

Has anyone noticed an uptick in resignations recently? 3 seniors in my office quit last week.

likefunnysmart

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal