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What Was the Emergency Meeting at Grant Thornton’s Cleveland Office All About?

After Grant Thornton sprung into layoffs ahead of everyone else (based on what we’ve heard anyway) on Tuesday, the Cleveland audit practice leader apparently arranged an impromptu sit-down to discuss some things, among them, the headcount.


From an accountant close to the situation:

They let go of an A2 on Tuesday also. The audit practice leader then called an emergency audit dept meeting referring to us as “inventory” and that they were “managing the pipeline.”

We left another message with GT Cleveland to see if we could get a copy of the minutes or something but no one is calling us back.

Regardless, we get the “inventory” analogy but in this case, the inventory happens to have rent/mortgage and possibly a cocker spaniel or other human beings to feed. But seriously, we still get the analogy.

Taking it a step forward, was the “inventory” all that was discussed? Something else could have come up, say Stephen Chipman’s blog? Speculating about the whereabouts of Gabriel Azedo? Arguing over Indians tickets for Monday? Any other ideas? Discuss or let us know.

Layoff Watch ’10: Grant Thornton’s Cleveland Office Starts Early

From Casa de Chipman:

A manager, a senior III, and senior II were quietly let go yesterday. In addition, the conference rooms are booked for today. I have not heard from other offices, but the Cleveland office appears to be kicking off the race early.


Seems early but our source indicated that these were audit professionals and we’re sure each office has their own method to the madness. Layoffs as this level were also not mentioned by Stephen Chipman during his firm-wide call back in January, although many have indicated that they would be happening regardless.

We left a message with the Cleveland office’s HR but so far we haven’t heard back and GT’s national PR has not responded to our email. If you’ve got an unexpected meeting coming up or have more details, get on the horn.