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February 7, 2023

(UPDATE 4) KPMG Layoffs Follow-up

There are several cities where we can confirm layoffs but total numbers are hard to come by and KPMG is not returning our calls/emails at this time. Here are cities that we definitely know got hit:
Chicago – At least five in Int’l Tax. At least one in financial services tax.
Denver – Transaction Services
Kansas City – Six to eight in Tax
Houston – Transaction Services
San Fran – Five in Fed Tax
LA and OC – Several comments report ten to twelve in tax for LA, five for OC
DC/Tyson’s Corner/McLean – Between five and eight total in tax and advisory.
Silicon Valley – Thirteen total. Five to Seven Mostly in Tax, possibly some in EVS and one in Transaction Services.
Seattle and Portland – Two in Tax for each
Salt Lake City – Three in Tax
Detroit – Three to five in Tax
Jacksonville, FL – Two in Tax
New York – Three in the transfer pricing specialty group in the tax practice. Three in the real estate practice. According to our source, these were performance performance related.
Boston – Two in Fed Tax and one in M&A
Nashville – Two in Tax
Tampa – Two in Tax, one manager and one SA
We haven’t been able to confirm much out of the New York office, although it sounds as though Transaction Services has had some cuts. If you’ve got new details on any city, let us know.
UPDATE: See updates above. Altogether it appears to be over thirty-five in the west alone. Continue sending us updates.
UPDATE, Thursday, 11:54 am: Information is still crawling in. We heard that the number of nationwide layoffs for Advisory was 50, including 20 in the NY/Boston offices but we’re still waiting on more information. Continue to send tips in and make sure you note which office you’re in. Oh, and apparently the Dallas office needs SA’s in audit.
UPDATE, Friday, 12:30: Still a few tips coming (see updates above) in but it seems the worst (hopefully) is over.
UPDATE, Monday 3:04 pm: Just a couple more updates above for Nashville and Tampa.

There are several cities where we can confirm layoffs but total numbers are hard to come by and KPMG is not returning our calls/emails at this time. Here are cities that we definitely know got hit:
Chicago – At least five in Int’l Tax. At least one in financial services tax.
Denver – Transaction Services
Kansas City – Six to eight in Tax
Houston – Transaction Services
San Fran – Five in Fed Tax
LA and OC – Several comments report ten to twelve in tax for LA, five for OC
DC/Tyson’s Corner/McLean – Between five and eight total in tax and advisory.
Silicon Valley – Thirteen total. Five to Seven Mostly in Tax, possibly some in EVS and one in Transaction Services.
Seattle and Portland – Two in Tax for each
Salt Lake City – Three in Tax
Detroit – Three to five in Tax
Jacksonville, FL – Two in Tax
New York – Three in the transfer pricing specialty group in the tax practice. Three in the real estate practice. According to our source, these were performance performance related.
Boston – Two in Fed Tax and one in M&A
Nashville – Two in Tax
Tampa – Two in Tax, one manager and one SA
We haven’t been able to confirm much out of the New York office, although it sounds as though Transaction Services has had some cuts. If you’ve got new details on any city, let us know.
UPDATE: See updates above. Altogether it appears to be over thirty-five in the west alone. Continue sending us updates.
UPDATE, Thursday, 11:54 am: Information is still crawling in. We heard that the number of nationwide layoffs for Advisory was 50, including 20 in the NY/Boston offices but we’re still waiting on more information. Continue to send tips in and make sure you note which office you’re in. Oh, and apparently the Dallas office needs SA’s in audit.
UPDATE, Friday, 12:30: Still a few tips coming (see updates above) in but it seems the worst (hopefully) is over.
UPDATE, Monday 3:04 pm: Just a couple more updates above for Nashville and Tampa.

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