Following up on the news that forced rankings were hitting auditors across the country and rumors that it would be coming to the IT advisory group, the latest word is that various tax groups within the House of Klynveld are also getting into the act:
There was definitely chatter in my group (M&A Tax) about similar forced rankings at the Sr/Assoc level. I don't have many details, but rumor has it there was some trimming of the fat in the tax practice at Tyson's Corner. From what I gather, at least 1 Senior Manager was let go as well as some Seniors/Associates across multiple practices (Fed Tax, ICS and M&A).
We have received multiple tips about these layoffs, so if you've recently been asked to take off for the summer (and thus, denied ice cream) or are otherwise knowledgeable about the situation in your group, get in touch with the details.