Can you imagine why people at RSM US would think jobs are going to India when they see their colleagues laid off? It’s a mystery.
Anyway, tip we received this PM:
RSM US cut a bunch of teams within their risk management function. Impacted teams were conflicts, independence, and enterprise risk management. Chief Risk Officer gave a 5 minute call with no question or answer period. Rumor is jobs are being outsourced to India.
Highlighted Twitter reaction to this item:
Those internal teams are worthless anyway. Revenue prevention.
— DMB (@Cask23StagsLeap) January 15, 2025
Our tipster doesn’t have numbers at this time. “We’ve had to piecemeal it together,” they said when asked for more info. Let us know if you’ve got some via email or text (anonymous, always). This is as-yet unconfirmed.
The last confirmed layoff at RSM was 3% of the workforce last September split across audit and consulting. That news hit just a month after RSM US announced plans to more than double its workforce in India from about 2,000 to 5,000 (RSM US’s total headcount is 17,000). “The expansion is driven by the tremendous talent base in India. Compared to the last 10-15 years, the talent now is very superior in the market,” Prasad Balakrishnan, India Principal of RSM US LLP, told Reuters in July 2024.
