So sayeth the Financial Times:
KPMG UK plans to make redundant about a third of its 630 administrative assistants in a wave of cost-cutting.
Between 200 and 250 administrative support staff are expected to leave in the savings drive at the Big Four accounting firm.
Those who are lucky enough to remain at the House of Klynveld will be given the job title of “executive assistant,” FT reported.
As a result of the administrative assistant purge, poor KPMG partners will now have to do their own expense reports. Oh the humanity! I’m sure they’re pissed.
The restructuring means some partners, particularly in non-client facing roles, will no longer have access to a personal assistant. Partners are also being encouraged to file their own expenses as part of the changes.
According to FT, the other Big 4 firms, possibly BDO, possibly Grant Thornton, might have already been getting calls and/or resumes from those being let go from KPMG.
Personal assistants have contacted other professional services firms seeking alternative work in recent weeks as they are worried about their careers, according to managers at other firms.
If you know of any other behind-the-scenes details of what’s going on with the layoffs at KPMG U.K. that the Financial Times didn’t report, get a hold of us using the contact information below.