AM I NEXT? NO LOVE AT KPMG (11/09/24)

NOVEMBER 9, 2024 — 4% OF U.S. AUDIT WORKFORCE

The company has notified 330 employees in its U.S. audit workforce of their imminent separation.

According to a company spokesperson, “The actions reflect our ongoing focus to align the size, shape, and skills of our workforce to the market while addressing continued low levels of attrition. We remain focused on investing in our people to grow our business with quality.”

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?

AM I NEXT? NO LOVE AT SPLUNK

San Francisco, California-based Splunk, a producer of software for searching, monitoring, and analyzing machine-generated data via a Web-style interface, has announced a reduction in company headcount and outside consultants.

The cuts will impact approximately 325 employees.

Chief Executive Gary Steele noted,

"As we begin FY24, I’m writing to share an important update on how we are positioning Splunk for future success. Today, we are making the difficult decision to reduce our global workforce by approximately 4%, mostly in North America. This decision is another step in a broader set of proactive organizational and strategic changes that include optimizing our processes, cost structure, and how we operate globally to ensure Splunk continues to balance growth with profitability through these uncertain times and drive success over the long term."

"The early proactive steps we’ve taken over the past several months have minimized the scale of the changes we are making now. Unfortunately, today’s decision impacts about 325 Splunkers across the company."

"Decisions of this nature have a significant human impact, and I don’t take that lightly. Since I joined the company, I’ve often heard the phrase “once a Splunker always a Splunker.” That statement couldn’t be more true than it is today. The people leaving the company are our fellow Splunkers, our friends, and have helped drive our success. I want to express my gratitude for the important contributions they’ve made to Splunk and to our customers."

"Additionally, as you’ve heard me describe before, one of our cost-reduction efforts has been to decrease Splunk’s reliance on external resources, such as agencies or consultants, to get work done. While utilizing these providers was prudent during Splunk’s early years, moving forward we will be more judicious about what work we outsource and what we will stop doing. Each organization will communicate changes that align these activities to our new cost structure."

"Being proactive and agile has always been, and will always be, part of Splunk’s DNA. I want to assure you that I remain confident in our strategy and that these decisions, difficult as they have been, are in service of building a better, stronger Splunk. No doubt you’ll have questions about today’s news. We have posted resources on Pwny Portal to help guide us through this process."

"Looking ahead, we will continue to invest in the areas that got us to where we are today – including how we engage with customers, our innovation and our talent. This will include the select recruiting of new Splunkers in FY24, consistent with our focus on accessing global talent in lower-cost areas. At the same time, we will continually assess our organizational health, where and how we work, and how we deploy our team and resources to deliver customer and shareholder value. I believe that the changes we are implementing today will help Splunk realize its potential to deliver incredible long-term value and become the best-in-class global enterprise that our customers and investors rely upon, and an amazing employer where Splunkers can thrive and grow their careers."

"Thank you for your focus, support, and collaboration as we evolve Splunk for our shared future success."

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?

AM I NEXT? NO LOVE AT DELL

AUGUST 10, 2024 — MAJOR BLOODSHED IMMINENT, 15,000 EMPLOYEES

The company is preparing to it would lay off about 15% of its workforce or about 15,000 employees.

In a joint memo, sales executives Bill Scannell and John Byrne noted, “Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company,” We’re streamlining layers of management and reprioritizing where we invest.”

“We aim to grow faster than the market by seamlessly meeting our customers and partners online, virtually, or in person, to unlock the value of modern IT and AI for their organizations.”

FEBRUARY 17, 2023 — Original post…

Round Rock, Texas-based Dell, the iconic computer company, has announced a reorganization and cost-cutting initiative.

The reduction in force will impact 5% of Dell's workforce, or 6,650 employees.

According to an SEC statement, "Dell Technologies announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities. These actions will result in a reduction of approximately 5% of the Company’s workforce as the Company continues to take prudent steps in light of a challenging global economic environment."

Co-Chief Operating Officer Jeff Clarke noted, "The company is experiencing market conditions that continue to erode with an uncertain future. Previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough. The department reorganizations, along with the job reductions, are viewed as an opportunity to drive efficiency. We’ve navigated economic downturns before and we’ve emerged stronger. We will be ready when the market rebounds."

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?