Comments on: The Messy Business Of Reductions, Cuts, Redundancies, Terminations And “Layoffs” http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/ The Business of the Big 4 Audit Firms Wed, 08 Feb 2012 22:43:47 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: re: The Auditors » Blog Archive » 2010 FEI CFRI Conference: A New York State of Mind http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-139898 re: The Auditors » Blog Archive » 2010 FEI CFRI Conference: A New York State of Mind Sun, 21 Nov 2010 21:14:24 +0000 http://76.12.174.187/?p=841#comment-139898 [...] Matt Kelly at Compliance Week who previewed me on his coverage last night, and from BNA’s Steve Burkholder. The hashtag for the Twitter stream is [...] [...] Matt Kelly at Compliance Week who previewed me on his coverage last night, and from BNA’s Steve Burkholder. The hashtag for the Twitter stream is [...]

]]> By: @Jazz http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-3086 @Jazz Wed, 25 Mar 2009 01:12:35 +0000 http://76.12.174.187/?p=841#comment-3086 3 in stamford and 8 in hartford is what i hear 3 in stamford and 8 in hartford is what i hear

]]> By: Jazz http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-3067 Jazz Tue, 24 Mar 2009 17:11:14 +0000 http://76.12.174.187/?p=841#comment-3067 #34, what's the split for that across the offices? #34, what’s the split for that across the offices?

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-3042 Anonymous Tue, 24 Mar 2009 01:35:13 +0000 http://76.12.174.187/?p=841#comment-3042 11 laid off in the last 2 weeks from deloitte audit in connecticut. 11 laid off in the last 2 weeks from deloitte audit in connecticut.

]]> By: Francine McKenna http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1769 Francine McKenna Wed, 07 Jan 2009 17:34:00 +0000 http://76.12.174.187/?p=841#comment-1769 @11:22 <br/><br/>My satisfaction at reading your comment is bittersweet. I'm sorry you have lost your job. But I'm glad that the info on the blog prepared you in any way. I am glad to help in any way I can. Don't forget to connect with me on Linked In. I have a lot of search professionals who specialize in audit and accounting who are also connections. @11:22

My satisfaction at reading your comment is bittersweet. I’m sorry you have lost your job. But I’m glad that the info on the blog prepared you in any way. I am glad to help in any way I can. Don’t forget to connect with me on Linked In. I have a lot of search professionals who specialize in audit and accounting who are also connections.

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1768 Anonymous Wed, 07 Jan 2009 17:22:00 +0000 http://76.12.174.187/?p=841#comment-1768 Thanks to this blog, I was prepared for the layoff that would inevitably come my way. I found out this morning via conference call from EY that I was being let go due to "economic factors." Funny, because just a few months ago, Turley and others said the firm is in a financially secure place to weather the economy. Ha! Thanks to this blog, I was prepared for the layoff that would inevitably come my way. I found out this morning via conference call from EY that I was being let go due to “economic factors.” Funny, because just a few months ago, Turley and others said the firm is in a financially secure place to weather the economy. Ha!

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1656 Anonymous Wed, 10 Dec 2008 10:51:00 +0000 http://76.12.174.187/?p=841#comment-1656 In my department, the terminated were the one's set up to fail. For example, many large projects/clients need a fall guy. If the projects do not generate the revenues marketed by the partner, someone on the team is blamed so that the partner does not look bad. Even if the partner is at fault, he will never allow himself to take the blame. Blame is shifted onto a dispensible person. In order to receive severance packages, these people are under duress to sign legal documents that limit their right to further action against Deloitte. If you were about to lose your job in this economy, you may sign anything to get your severance. This is what they are counting on. Consult an employment attorney now so you know what to do when it happens to you. In my department, the terminated were the one’s set up to fail. For example, many large projects/clients need a fall guy. If the projects do not generate the revenues marketed by the partner, someone on the team is blamed so that the partner does not look bad. Even if the partner is at fault, he will never allow himself to take the blame. Blame is shifted onto a dispensible person. In order to receive severance packages, these people are under duress to sign legal documents that limit their right to further action against Deloitte. If you were about to lose your job in this economy, you may sign anything to get your severance. This is what they are counting on. Consult an employment attorney now so you know what to do when it happens to you.

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1654 Anonymous Wed, 10 Dec 2008 03:32:00 +0000 http://76.12.174.187/?p=841#comment-1654 Just in time for Christmas Just in time for Christmas

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1653 Anonymous Wed, 10 Dec 2008 03:23:00 +0000 http://76.12.174.187/?p=841#comment-1653 DT is laying off again. You won't see much traffic on Francine's blog this time because the firm learned its lesson from the August layoffs. HR is there to do the dirty work. DT is laying off again. You won’t see much traffic on Francine’s blog this time because the firm learned its lesson from the August layoffs. HR is there to do the dirty work.

]]> By: Anonymous http://retheauditors.com/2008/11/19/the-messy-business-of-reductions-cuts-redundancies-terminations-and-layoffs/comment-page-1/#comment-1561 Anonymous Sat, 29 Nov 2008 13:40:00 +0000 http://76.12.174.187/?p=841#comment-1561 Francine, your analogy is absolutely right on point. For those of us not willing to endure the BS, there's little chance of being "invited" to join the fraternity (partnership). Sadly, it is not about substance anymore. Even under the Obama administration, there is little hope that the fat cats (abusers) will ever be held accountable. At first glance, KPMG's position in the Canadian valuation case is comforting. Francine, your analogy is absolutely right on point. For those of us not willing to endure the BS, there’s little chance of being “invited” to join the fraternity (partnership). Sadly, it is not about substance anymore. Even under the Obama administration, there is little hope that the fat cats (abusers) will ever be held accountable. At first glance, KPMG’s position in the Canadian valuation case is comforting.

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