October 17, 2021

Layoffs Watch ’12: KPMG Has Good News and Bad News

With regard to the aforementioned cuts, the good news is that some of you got to keep your jobs. The bad news is many still did not:

KPMG lost 275 staff following a restructuring exercise to streamline the business. Earlier this year the firm announced it would reduce its headcount by 3% equal to about 330 staff out of about 11,299 that it employs following a planned review of the entire business. […] A spokesman said: "The numbers were lower than originally mooted because we were able to redeploy a higher than expected number of people to other positions within the firm."
The catch, of course, for those of you that dodged this bullet is that you shouldn't expect a raise any time soon. We won't dwell on that though.
 

 

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

A Big 4 Firm Being Untruthful? You Don’t Say!

From the Financial Times yesterday: A senior KPMG partner advanced an “untruthful” defence at a disciplinary hearing into the accounting firm’s misconduct in the sale of bedmaker Silentnight to a private equity fund, a tribunal has found. The tribunal also found that KPMG and David Costley-Wood, the partner who led the Silentnight work, had failed […]

Promotion Watch ’21: KPMG US Admits 170 New Partners

The partnership at KPMG grew by 170 people earlier this month, as 120 men and 50 women were outfitted with new golf attire before being handed keys to the club by Chair and CEO Paul Knopp and Deputy Chair and COO Laura Newinski. This latest class of new partners (for FY 2022) is larger than […]