Following the news that the IT Advisory group could possibly force some professionals into the underperforming category, I had the following text message exchange yesterday with a source at KPMG that I'll refer to here as Rudy.
Rudy: Did you hear about the layoffs?
Me: Nooooo. I just posted about the possible layoffs in ITA but did something else happen?
Rudy: Performance based across the U.S. across multiple levels.
Me: Ahhhh, forced ranking, eh?
Rudy: Seems like it. Trimming the fat.
Me: Right. Know anyone that got cut?
Rudy: Yup. From Los Angeles. And I heard about a few senior managers in financial services [in New York]
Me: All audit?
Rudy: As far as I know.
Yes, that Rudy. But never mind that. By all indications, not enough people are voluntarily saying goodbye to the House of Klynveld, so the firm has no choice but to find a few expendables. If you've recently been told your capital market services are no longer needed, email us.
