What’s the situation at Kpmg? Just heard about the layoffs

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I would say handled the most professional way I have seen layoffs handled. Quick and transparent process.

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....sure, but we were all involved in the communications....

I would say they handled it well without causing lot of panic/stress. I agree yesterday was difficult for everyone especially next few hours after the lay-off announcement call. But that was over quickly. I don’t think leadership could have done anything better to communicate. I agree it’s tough for the folks who were let go. Hard to imagine their situation.

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They did emphasize how those affected would be treated with respect and given any and all needed resources. Only wishing them the best

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Does 1400 out of 32k really constitute a lay-off ? All professional services firms let go of people as part of an annual review cycle and 4% would be well below average for a wide variety of firms.

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I mean Accenture and Deloitte were about 5% so yes this is in the same realm.

Something like 1400 people out of 32k across the various groups. 396 from advisory

Handled it a lot better than EY did

No layoffs they said then they layoff hundreds or even thousands over a long period of time with no end in sight so ppl live in fear and with stress

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