Please ensure Javascript is enabled for purposes of website accessibility

Layoffs Watch ’12: Forced Ranking May Be Hitting KPMG Auditors

Following the news that the IT Advisory group could possibly force some professionals into the underperforming category, I had the following text message exchange yesterday with a source at KPMG that I'll refer to here as Rudy. 

Rudy: Did you hear about the layoffs?

Me: Nooooo. I just posted about the possible layoffs in ITA but did something else happen?

Rudy: Performance based across the U.S. across multiple levels.

Me: Ahhhh, forced ranking, eh?

Rudy: Seems like it. Trimming the fat.

Me: Right. Know anyone that got cut?

Rudy: Yup. From Los Angeles. And I heard about a few senior managers in financial services [in New York]

Me: All audit?

Rudy: As far as I know.

Yes, that Rudy. But never mind that. By all indications, not enough people are voluntarily saying goodbye to the House of Klynveld, so the firm has no choice but to find a few expendables. If you've recently been told your capital market services are no longer needed, email us

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.

Comments are closed.

Related articles

Looks Like Deloitte Is Ditching Its Downtown Atlanta Office

Before anyone gets too excited, Deloitte isn’t going fully remote in Atlanta. Atlanta Business Chronicle reports Deloitte has not renewed its 260,000 square foot lease at 191 Peachtree according to loan documents reviewed by the Chronicle. It’s suspected that the firm is downsizing. Multiple sources with knowledge of the market say Deloitte is eyeing Midtown. […]

scissors hanging on a board

Layoff Watch ’23: McKinsey Joins the 2023 Consulting Culling

McKinsey & Co. is joining KPMG, BDO USA, and Accenture in culling the consulting herd. Like Accenture, McKinsey doesn’t get much lip service on this website but it is worth talking about here because cuts from non-Big 4 consulting firms reflect the overall health of the consulting market which therefore effects the firms we do […]