Layoffs Watch ’12: KPMG IT Advisory?

A tipster informs us that attrition for the IT advisory group was not as high as expected, which poses a bit of a dilemma:

I heard that some of the performance managers are being instructed to give their staff 4 and 5 ratings, as there weren't enough in those buckets. Keeping in mind that turnover was very low this last year, what could this mean?

Another source familiar with the situation explains further, "IT advisory typically has extremely high turnover – somewhere in the neighborhood of 30% – and last year it was considerably lower, so budgets for this group are all out of sorts and this would be one way to correct it." 

If you get asked to take a permanent summer vacation, let us know.

 

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.

Related articles

Important Audit Professional Takeaways from Botta v. PwC Closing Arguments

Closing arguments were held on April 13 in the bench trial of audit whistleblower Mauro Botta vs. PricewaterhouseCoopers. Botta, a former PwC senior manager, claims that he was wrongfully terminated by PwC in retaliation for making a whistleblower report to the SEC. Botta’s whistleblower report alleges that PwC had compromised its independence by acquiescing to […]