Layoff Watch ’20: BDO USA Waved Goodbye to Some Folks In Advisory

This came in through the tipline about an hour or so ago:

BDO Advisory US had a RIF yesterday… about 3% of workforce… low performers but also told it was due to economic conditions… guess the comp reduction didn’t “keep our family together.”

So the email I got yesterday from a person saying (s)he was let go without warning from BDO USA due to the COVID-19 pandemic makes a whole lot more sense now.

We contacted the PR firm that’s handling all of BDO’s press inquiries for comment about the advisory layoffs, but we haven’t heard back from anyone yet.

That’s all we know at this point. Hit us up using the contact information below if you were one of the unlucky 3%ers or if you can shed more light on these layoffs.

Related articles:

Comp Watch ’20: BDO USA Is Restoring Everyone’s Pay—But Promotions and Raises Will Have to Wait
BDO USA Is Cutting Everyone’s Pay to Stave Off Layoffs

Latest Accounting Jobs--Apply Now:

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

a golf ball branded with accounting firm BDO's logo

BDO USA Had a Pretty Good 2022 Revenue-Wise

One year after cracking $2 billion in revenue for the first time, BDO USA added another 25% to that total during its fiscal year 2022 which ended on April 30. BDO reported revenue of $2,490,400,000 in 2022, up from $2,000,300,000 in 2021. It’s the 10th year of revenue growth under CEO and leader of the […]