September 25, 2020

KPMG Pay Cuts Are Probably Not Going to Be Well-Received Outside of Australia

Not that long ago, I stuck a link to this story in a Friday Footnotes but just in case you missed it, let’s catch you up on the situation in my boy Roadhog’s esteemed home country.

Back in late April, KPMG Australia used peer pressure relied on the strength of its team mentality to ease the pain of coronavirus-related salary cuts. According to Financial Review, fewer than 50 of the firm’s 8,000-some staff opted out of “voluntary” salary cuts proposed from up high. Chief Executive Gary Wingrove thanked the 7,950 who lacked the testicular fortitude to tell him to take a short walk off a long pier in a message to staff.

“I think that is an outstanding contribution by all of you. Thank you. I’m really grateful and I think it really positions our firm well in terms of addressing the economic challenges that no doubt all organisations, including ours, face in the coming months,” Wingrove said.

Now, I hope their counterparts aren’t going to try and pull something like that outside of the Outback thinking KPMGers across the globe are well-dosed on the Kool-Aid because …

via /r/Big4

Don’t stress, KPMG. Maybe you can put the Lakehouse on Airbnb?

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles