We come with news this afternoon about more layoffs at G to the T that are rumored to have gone down earlier this month.
This latest information we have involves two managers and two senior managers in the Los Angeles office were shown the door around the first of the month. Our source has indicated that the breakdown was three in the audit practice and one in tax. These latest cuts would be in addition to the original ten that we reported on last month for LA.
If you have more information on these layoffs or have details on a different GT office, get in touch with us or discuss in the comments.
Earlier: Layoff Watch ’09: Grant Thornton
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Grant Thornton LLP Names New CEO, Looks to Coin More Inclusive Title of ‘Global 6 Accounting Organization’
Grant Thornton LLP has named Stephen Chipman its new CEO, replacing Edward Nusbaum who is taking the CEO position of Grant Thornton International. The changes take place on January 1, 2010.
In a bit of robotic communications work, the two vomit-worthy statements from the CEO’s are oddly similar.
Nusbaum on June 3rd:
‘I am greatly honored and look forward to the opportunity to lead Grant Thornton International,’ said Nusbaum. ‘I will dedicate myself to continuing Grant Thornton’s tradition of strong leadership in the accounting profession and in speaking out on issues of importance. I want the Grant Thornton brand to mean principled people providing superior service to highly satisfied clients around the world’
Chipman today:
‘I look forward to leading Grant Thornton LLP,’ said Chipman. ‘I will dedicate myself to taking action on a number of fronts, including continuing Grant Thornton’s tradition of providing strong leadership to the accounting profession and speaking out on issues of importance. I will also continue our focus on providing the Grant Thornton Experience for our partners, people and clients, and expanding our global service capabilities and corporate social responsibility agenda.’
Okay, they aren’t identical but, sheesh, put some thought into it guys. These statements read like you just found out your wives were cheating on you…with each other.
Boilerplate CEO statements notwithstanding, the other interesting tidbit that was not subtly inserted in today’s press release was the usage of “Global 6 Accounting Organization” by GT.
Look GT, we see what you’re trying to do. You’re trying to sneak in this fancy little phrase that you think will catch on and it’s not working for us. You’re not in the cool kids club. You’re just not. We feel bad for you but you can’t just show up at the cool party while there’s toilet paper stuck to your shoe and expect to start high-fiving PwC and get laid by some KPMG hottie. Nice try.
Stephen Chipman named CEO of Grant Thornton LLP [Grant Thornton Press Release]
Respect the Expense Reimbursement Policy Or…
With the firms cracking down on expenses of every sort, including canceling the Holidays prior to the autumnal equinox, hopefully the following story doesn’t occur to any of you. At the very least, it can show what can happen when you have blatant disrespect for your firm’s expense reimbursement policy:
More, after the jump
A former Deloitte Consulting manager who disappeared on the day of her sentencing for bilking her employer out of more than $500,000 was found dead in a Costa Mesa park Saturday morning, authorities said….[Jamie] Watkins, a former operations manager for the Santa Ana office of Deloitte Consulting LLP, faced up to 10 years in federal prison after abusing the company’s expense reimbursements to steal about $550,000 to pay for things including property taxes and furniture.
As tragic as this story is, it serves as example to those of you that find yourself regularly explaining to an HR rep the $500 lunches you had at Bobby Vans and the theatre tickets that ended up on your last expense report. This may be where you are headed if you don’t shape up.
Deloitte manager hangs self [Orange County Register]
The Fortune 100 Best Companies to Work For: Plante & Moran #66
Contrary to what you’re probably thinking, Plante & Moran is no dark horse. They’ve been on the list for five twelve straight years and rank ahead of the rest of three of the Big 4 in this year’s list (cue for “who the hell is Plante & Moran?”). They’ve fallen from their peak of 12th back in 2006 but we’re sure the firm can explain.
Plante & Moran – Previously ranked #42. Fortune took the unorthodox approach of using P&M’s layoffs to describe their greatness: “Audit firm laid off employees, but staff members commend the “team pain” approach: enhanced severance pay, outplacement services, pay cuts for partners, and deferred pay hikes for staff.”
Other interesting stats per the snapshot:
• New Jobs (1 year): 10
• % Job Growth (1 year): 1%
• % Voluntary Turnover: 7%
• No. of Job Openings at 1/13/2010: 17
• Most common salaried job: Audit staff with average salary of $65,500
The firm offers onsite child care during busy season but does not have a nondiscrimination policy that includes sexual orientation nor does it offer domestic partner benefits for same-sex couples.
We’re not saying the latter two reasons are why they fell from #12 but it might help them jump back into the top 50.
Earlier:
Ernst & Young #44