JULY 8, 2023 — 1,950 U.S. JOBS TO BE CUT
In a second round of layoffs, KPMG announced they will be reducing the U.S. workforce by 5%, or approximately 1,950 employees, including those in advisory, tax, and audit services.
The decision is being driven by business conditions and the lack of activity as firms wait out a chaotic political and financial environment.
FEBRUARY 20, 2023 — Original post…
London, England-based KPMG International, one of the Big Four accounting and consulting organizations, has announced a major reduction in force.
The personnel adjustment will impact two percent of its workforce, including 700 employees within the United States.
According to Carl Carande, vice-chair of KPMG's US advisory business, "We continue to have more people than needed to meet current demand. The reductions are spread across the US and across the consulting business but do not include any partners.
“We have experienced prolonged uncertainty affecting certain parts of our advisory business that drove outsized growth in recent years."
“These actions are incredibly difficult and impact people’s lives. We are supporting our colleagues with a holistic package that includes severance, healthcare, emotional and well-being support, career counseling, and learning and development opportunities.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?