We’ve got another RIF at KPMG, a consulting cull that went down yesterday (that’s Wednesday the 29th for those of you reading this a week from now).
Let’s start with a tip we received yesterday:
Heard from a friend who works in KPMG consulting there was an RIF today. 9am/12pm EST emails went out to people being laid off and if you didn’t get one you were safe.
According to this post on r/KPMG, the meeting invite said “Important Operational Update for Consulting” and it seemed pretty obvious right away what it was since there were 300-400 people on the invite (which everyone on the invite could see).
And the WSJ article:
KPMG is laying off about 4% of its U.S. advisory business in response to weaker demand for regulatory and other services, people familiar with the matter said.
The Big Four accounting firm informed staff Wednesday that it would be primarily letting go of consultants who specialize in regulatory risk advisory, customer operations and financial services, the people said. About half of the cuts were lower-performing consultants and no partners were affected.
Per WSJ, consulting has (had) 10,000 people so about 400 people in this RIF confirmed.
Then you’ve got this poor shlub who was on PTO without their work phone when this all went down:
On PTO abroad during company-wide RIF…will they wait until I’m back or contact me while on PTO?
by u/Feeling-Entrance143 in KPMG
Oof:
Last week it was reported that KPMG told 10% of its audit partners to leave after attempts to gently urge them to retire had failed.
Feel free to reach out via email or text if you want to share more info or just vent, whether you were in this batch or made it out job intact we’re always here with an ear.
