October 6, 2022

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." 

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