{ "media_type": "text", "post_content": "So Kpmg advisory layoffs?", "post_id": "5c8aff16a78422001ca0ceb0", "reply_count": 5, "vote_count": 1, "bowl_id": "599b9d5f9970bf0010772e8d", "bowl_name": "Audit Bowl" }

So Kpmg advisory layoffs?

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That’s interesting because a recruiter contacted me today about joining KPMG advisory 🤔

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It was only certain groups under Risk Consulting so maybe it’s a different group. Risk Strategy and Compliance is under a hiring freeze right now

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Eh, not that big of a deal. Businesses ebb and flow. When we drop an audit client, we gain a tax client because someone drops off the restricted entity list. Last year it was PwC doing RIFs, this year KPMG. Deloitte does the same thing as PwC and KPMG, strategically releasing fewer than 50 workers are at a single site so they don’t have to provide notice under the WARN act. You just don’t hear about it because it represents a smaller % of the workforce, but it’s done more frequently. Probably more layoffs at Deloitte in absolute numbers. Business is still good for the firm, and still good for advisory, just getting more lean.

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Specifically in RC, the pyramid was not distributed correctly so there were too many people doing the level of work below them. (i.e. managers acting as seniors) and so they thinned the pyramid out.

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