Please ensure Javascript is enabled for purposes of website accessibility

McGladrey’s Repurchase of McGladrey Results in Unfortunate Consequences for McGladrey Director, Says McGladrey Director’s Farewell Email

More specifically, he was told that his services were no longer needed:

Here is the scoop on why I am leaving McGladrey…
 
Given the recent $600 million transaction that McGladrey completed this fall, there have been some resulting changes – one of which is a significant restructuring.  As a result, I was informed recently that “my position has been eliminated”. This is the reality of the economics of large company transactions… I feel good about leaving on the heels of my recent sales performance of 111% of quota for last year and 108% of an even larger quota through three quarters of this year… After having one of the most successful years in my business life in 2011, I find myself looking toward new challenges… I will let you know my next move as soon as things are finalized.
It's only been just about two months since H&R Block sold RSM McGladrey back to McGladrey & Pullen, so the fallout is obviously happening (if hasn't been for awhile already). If your position has also recently been vaporized, including your iPad being confiscated and/or cake and punch privleges have been revoked, we'd love to hear your story. 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

illustration signifying layoffs

Grant Thornton Layoff Numbers Are In (UPDATE)

Ed. note: We’ve received some additional information about layoffs, see update at the bottom. The other day Grant Thornton sent out a firmwide email packed with words like “difficult but necessary decisions,” “values and culture,” and “continued investment in growth” to inform everyone that heads were soon to roll. While pointing out that “unlike peers,” […]

INSTINCT FOR GROWTH

Layoff Watch ’23: If You Work at Grant Thornton, You Might Not By the End of the Week

Earlier this afternoon we received a tip: Grant Thornton to perform layoffs across the firm. Numbers unknown. Areas impacted unknown. Well then, that’s not very helpful is it. A quick search uncovered this Reddit thread from a few hours ago which along with many comments about how these hoes ain’t loyal contains what appears to […]