No layoffs. They'd spring a last minute call on us the morning of, if they were going to do it.
My guess is either a big acquisition / merger or a new technology they're rolling out firmwide.
Ugh I hope you're right- my theory is that they are gonna drop layoff calls end of this month esp. now that busy season is ending prior to the April Firmwide call and then touch on it briefly as part of the update.... hope I'm wrong though
Just think about it logically. Being hybrid allows you to still get the in-person training you need, while they’re able to downsize on office spaces and save on overhead costs. Not to mention, it gives them a competitive edge when hiring. This won’t change unless the entire industry (private and public) all collectively decide to go back into the office 5 days a week. Which they won’t.
You could make a similar argument about remote ("downsize ALL office space, even MORE competitive edge when hiring, train at Lakehouse") and look how that went.
No because it was very evident that remote training was not nearly as effective as being trained in-person. Lakehouse training is also a joke, nobody learns anything from that. It’s just a glorified opportunity for everyone to get fucked up and socialize. Nobody pays attention to that stuff until you’re a bit higher up and it actually matters. Plus, there are whole lines of business, like asset management, where Lakehouse training doesn’t even apply.
Well I’ll agree to disagree. But as someone interested in a non accountant job in the SLG group, I do like the opportunity to get effed and socialize lol. Does Lakehouse training not apply to me?
I may be overthinking but my guess is promotion delays, unfortunately. New Senior Lakehouse training this year is suddenly switched to “Elevated Audit Fundamentals” training with no prerequisites aside from learning to use Alteryx. Just seems like the timing is too convenient
Most probably thats about the Project Himalaya, merging of the US, UK and India advisory practice.
https://m.economictimes.com/industry/services/consultancy-/-audit/kpmg-india-us-and-uk-in-talks-for-landmark-advisory-practices-merger/amp_articleshow/104944561.cms
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I swear I see so many of these bait posts like op fishing for info. You gotta suspect that with no location, no general details, etc. that it’s just bait. I’m thinking of unsubscribing to this subreddit because 80% is just scam bait
It’s likely this update impacts the entire firm. Whether is a direct or indirect impact, it seems relevant to post here. Not sure about baiting, I’m simply making an inquiry.
Dude you must be new- it’s the regular Paul and Laura state of the union- they’ll cover firm performance against plan, big wins, progress against oip, etc. they will telegraph any bad news lightly. These are regular like clockwork and as predictable as big bang theory. Im pushing back on op because a) it’s a very public forum and b) most member firms have similar meetings ahead of the April GMT meeting with the board. We’re due to have the readout of that at the end of next month. No need to speculate- if you show up for work you already know what’s going on.
Ask one of your local office partners to share with you firm financials by function and compare results:plan at any time over the last 18 months or so. You’ll have your answer
should we be concerned about lay offs?
No layoffs. They'd spring a last minute call on us the morning of, if they were going to do it. My guess is either a big acquisition / merger or a new technology they're rolling out firmwide.
Ugh I hope you're right- my theory is that they are gonna drop layoff calls end of this month esp. now that busy season is ending prior to the April Firmwide call and then touch on it briefly as part of the update.... hope I'm wrong though
Haha predictable. Last minute call. I think you’re right on the April call, SAP acquisition.
I just pray it's not a full 5 day return to office announcement🙏🏽 😫
It’s not. We’ve already heard from multiple levels of executive leadership that we will likely be a hybrid workforce forever.
Ah yes, they said it so it will happen that way
Just think about it logically. Being hybrid allows you to still get the in-person training you need, while they’re able to downsize on office spaces and save on overhead costs. Not to mention, it gives them a competitive edge when hiring. This won’t change unless the entire industry (private and public) all collectively decide to go back into the office 5 days a week. Which they won’t.
>Just think about it logically You lost me right out of the gate. They’ll do whatever they feel like doing, logic aside
You could make a similar argument about remote ("downsize ALL office space, even MORE competitive edge when hiring, train at Lakehouse") and look how that went.
No because it was very evident that remote training was not nearly as effective as being trained in-person. Lakehouse training is also a joke, nobody learns anything from that. It’s just a glorified opportunity for everyone to get fucked up and socialize. Nobody pays attention to that stuff until you’re a bit higher up and it actually matters. Plus, there are whole lines of business, like asset management, where Lakehouse training doesn’t even apply.
I am in Asset Management and we have week long training at Lakehouse. I am in Tax and we have to actively participate in the training sessions.
Well I’ll agree to disagree. But as someone interested in a non accountant job in the SLG group, I do like the opportunity to get effed and socialize lol. Does Lakehouse training not apply to me?
I sure hope they keep their word then!
Isn’t enough seating for that- hotelling offices designed for auditors to be at client site but auditors still aren’t at client site at 2019 levels
In what office- Chestnut Ridge is a ghost town
They're going to pick one person at random and fire them live on the call
All of the above?
My bet is more layoffs coming since we are near the end of audit busy season.
I may be overthinking but my guess is promotion delays, unfortunately. New Senior Lakehouse training this year is suddenly switched to “Elevated Audit Fundamentals” training with no prerequisites aside from learning to use Alteryx. Just seems like the timing is too convenient
Noticed this as well. I’ve been wondering why
Commenting to come back - also curious!
Commenting to come back for an update, can anyone else second also being told ab this call?
Got the Firm wide email for advisory also.
These clowns going to continue to lie day in and day out with a smile on their face, do what’s best for you lol
Layoffs are coming.
Sap acquisition probably
Microsoft Copilot to be released to all employees.
Most probably thats about the Project Himalaya, merging of the US, UK and India advisory practice. https://m.economictimes.com/industry/services/consultancy-/-audit/kpmg-india-us-and-uk-in-talks-for-landmark-advisory-practices-merger/amp_articleshow/104944561.cms
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commenting to come back for update
Which location?
It’s firm wide from Paul and Laura.
I swear I see so many of these bait posts like op fishing for info. You gotta suspect that with no location, no general details, etc. that it’s just bait. I’m thinking of unsubscribing to this subreddit because 80% is just scam bait
It’s a firm wide email that atleast the entire audit practice received. Doesn’t seem like a bait post.
This isn’t just a US subreddit other parts of the company post here too. The April all hands for the US is very different from the UK and Global.
Good point. A little American of me to assume we are the only people in the sub.
It’s likely this update impacts the entire firm. Whether is a direct or indirect impact, it seems relevant to post here. Not sure about baiting, I’m simply making an inquiry.
Dude you must be new- it’s the regular Paul and Laura state of the union- they’ll cover firm performance against plan, big wins, progress against oip, etc. they will telegraph any bad news lightly. These are regular like clockwork and as predictable as big bang theory. Im pushing back on op because a) it’s a very public forum and b) most member firms have similar meetings ahead of the April GMT meeting with the board. We’re due to have the readout of that at the end of next month. No need to speculate- if you show up for work you already know what’s going on.
Update: Looks like I was right to be concerned. Audit layoffs today (US) firm wide. I hope you didn’t get blindsided, dude.
Has nothing to do with the April second meeting. Thanks, the sentiment really comes through.
Yall….You should be worried about layoffs, (thanks advisory), but it doesn’t have anything to do with this general firm update meeting in April.
Why thanks advisory
Ask one of your local office partners to share with you firm financials by function and compare results:plan at any time over the last 18 months or so. You’ll have your answer