September 29, 2020

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

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

How Are Big 4 Firms Stacking Up on Work-From-Home Benefits?

Unless you were one of the few who had the foresight to deck out your crib in multiple monitors just before SHTF this past spring, you’ve probably needed to improve your WFH set up just a bit in the months since. And because a large portion of this website’s entire purpose is serving as Steve […]