We really have to hand it to some of the creative minds at E&Y. The quality of what they produce is overwhelming. All this and they ban Pandora? We’ll never understand accounting firm reasoning.
Anyhoo, the offbeat clapping is one thing, Zitor is quite another, but now we present you with the following:
Related Posts
Layoff Watch ’11: KPMG Cuts IT Support Staff
Fyi- I’m forced to write this on my mobile so anyone that notes typos can piss off.
Anyhoo, for whatever reason, the KPMG beat is awfully hot today. This latest scoop we have is the unfortunate news that layoffs have reared their ugly head in Monty:
Caleb,
No chatter on the ~200 layoffs at KPMG IT support staff in Montvale this past Friday whose positions went to IBM outsourcing?
Oddly enough, we did hear about this just yesterday and hadn’t had the time to check it out. Now that we’ve been spurred into action, this confirms the original tip we received about the IT staff and that the work was going to IBM. This is the first news we received about the staff in Montvale, the original news we received was with regard to the New York office, a staff of approximately 17, we were told.
These in-house IT layoffs feel oddly familiar to the cuts made by PwC late last summer, who also planned to outsource those positions. P. Dubs also stated that they would offer some professionals other opportunities within the firm and would be creating a number of new jobs in the Tampa area, where those cuts occurred. So far there hasn’t been any indication that KPMG was doing something similar.
A message with KPMG spokesman Dan Ginsburg’s office was not immediately returned. We’ll keep you updated with any further details.
U.K. Accounting Regulator Chides KPMG For ‘Unacceptable’ Decline in Audit Quality
And here I thought Phil Mickelson’s meltdown on the 13th green at the U.S. Open […]
Rumor Mill: KPMG Debunking ‘Six Year Manager’ Rumors?
While many Klynveldians are getting amped to cobble together some bears for the kids this morning we’ll pass along a little rumor about a rumor.
The rumor that the KPMG bigwigs have been considering a six year timeline to make manager in the audit practice has been kicked around for at least a couple years. Naturally, there were two schools of thought:
• Managers thought it was good idea
• SAs thought it was a terrible idea
According to a tip we received, apparently there is an email floating around that says the rumors about a “six year program are not true and that the firm will continue with existing promotion timing.”
A friend of GC told us that while it’s entirely possible that such an email exists, it’s definitely not coming down from 345 Park and could be some local office trying to calm down those SAs that are considered flight risks.
Regardless of the rumored debunking, the path to partner is certainly becoming longer as we reported earlier this week, and early promotions will still happen based on need or political maneuvering.
If you’ve been notified that your promotion timing is still on track, by email or otherwise, pass the info along or discuss in the comments.