🚨KPMG Offers £100 to Staff for Waiving Legal Rights During Layoffs
KPMG's £100 Offer for Staff to Waive Legal Rights
TL;DR
KPMG is offering £100 to UK staff facing redundancy in exchange for waiving their legal rights. The move affects 200 staff members across AI, Cyber, SAP, and Testing teams, with layoffs set to begin on October 9.
KPMG is offering £100 to UK staff facing redundancy in exchange for waiving their legal rights to appeal or bring claims. The move affects around 200 staff members across AI, Cyber, SAP, and Testing teams, with layoffs set to begin on October 9. The company's approach is seen as arrogant and disgraceful by staff, with annual bonuses being discretionary and performance-based. The latest job cuts come six months after KPMG cut 600 roles across the UK, indicating the financial pressures facing the big four accountancy and consultancy giants.
Key Points
KPMG is offering £100 to UK staff facing redundancy in exchange for waiving legal rights to appeal or bring claims.
The layoffs affect around 200 staff members across AI, Cyber, SAP, and Testing teams.
Staff will be notified of their fate by email on October 9, 2023.
The latest job cuts come six months after KPMG cut 600 roles across the UK.
PwC UK is merging two of its advisory businesses in response to AI disruption.
Why It Matters
KPMG's offer of £100 to staff facing redundancy in exchange for waiving legal rights is a stark move that affects 200 staff members across AI, Cyber, SAP, and Testing teams. This approach is seen as arrogant and disgraceful by staff, with annual bonuses being discretionary and performance-based. The layoffs are indicative of the financial pressures facing the big four accountancy and consultancy giants, with PwC UK merging two advisory businesses in response to AI disruption.
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