KPMG cuts 5% of U.S. workforce
Accounting Today
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KPMG is reducing headcount further after earlier layoffs this year, cutting approximately 5% of its U.S. employees, and more of today’s top stories.?
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In February, the Big Four firm laid off nearly 2% of its workforce, or nearly 700 people, mostly in its advisory business.?
In other news today:
SAPRO's sabbatical program is paying dividends in major boosts to employee engagement, productivity and innovation.
The board finalized its first two standards on general requirements for disclosure of sustainability-related financial information and climate-related disclosures.
The board wants to address the greater use of technology by auditors, especially when it comes to analyzing information in electronic format.
A recent study has found that only a minority of the profession has an active interest in cryptocurrencies like Bitcoin.
Eide Bailly is adding King & Oliason; Ferrell & Kelly joined Hancock Askew; and Getzel Schiff & Pesce is merging in Kalmus, Siegel, Harris, & Goldfarb.
Senior Corporate Accountant at Altice USA
1 年More talent for the midsize firms
CPA
1 年KPMG was an early adopter of Risk Based auditing and an advocate of its adoption in formal auditing standards. The failure rate is extreme. Now they are surprised? There is no right way to do the wrong thing.