Fresh off the rumor mill: BDO USA has cut 85 people from advisory, announced via internal email from brand new advisory head Eskander Yavar to all of his service line this afternoon. We were provided part of the email which reads:
Today was a difficult day for our practice — we reduced our workforce by 85 professionals. Saying goodbye to colleagues is never easy, and we appreciate each individual’s contributions to our business and our firm. We wish them the very best.
These cuts are now the second consulting cuts at a large U.S. accounting firm in as many weeks. KPMG let about 700 people go on February 15.
It was only a few months ago that well-respected advisory leaders at BDO USA abruptly left the firm and left staff wondering what happened and why these partners seemed to hastily vanish almost overnight. We still don’t know what happened there though we do have some ideas.
We are digging around for more info, if you have some feel free to give me a shout.