What does the KPMG severance look like?

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I cant speak to KPMG but many companies give in the range of 1 week for every year of service with a minimum or 4 weeks.

If KPMG truly gave 4 weeks for every year of service service that would be unprecedented. You would have senior managers getting 1 year of severance....wow!

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Dixon Hughes gave Aug - Dec severance for everyone laid off. That’s 5 months for people they wanted to cut from their payroll.

High-5 and a sweet amazon gift card for then effort

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Speaking for Canada here but its varied widely. Generally about 4 weeks for every year of service and another lumpsum of 4 weeks on top of that. Not performance related if that helps at all.

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That sounds amazing

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I honestly didn’t know people got severances... what level do you have to be at to get this? Any staff I know that have tried to leave within my old group got walked off their client as soon as they put in their notice and forced to use PTO or have their last day be right then and there. Most of the management and above got threats about taking proprietary info and blah blah...

Are severances common outside of the US maybe?

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EY OP and SC2- ahhh thank you! That makes more sense now. I guess I’m young enough that there haven’t been too many lay offs until now. Thank you for clarifying!

betcha its different for us

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I got a 6 week severance from PWC....

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prob manager or above

For MD and SM, if you have less than 8 years is 1/2 salary. If you have more than 8 years is 1 week per year up to 26 weeks

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Agreed with above, confused

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I got 12 weeks from Deloitte after 9 years.

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What does KPMG stand for?

Keep Paying Mickelson to Golf

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