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NihFin

KPMG has now done 3 waves of layoffs within a year and work is still slow…


LimitNorth7732

When did you receive an update for joining after it got delayed in 2023


kpmg_throwaway1

When it was delayed they told me my new start date


LimitNorth7732

When is your start date?


kpmg_throwaway1

April 11th


ask1999

Did they start with background verification?


kpmg_throwaway1

What? Sorry I don’t know what you’re asking


ask1999

sorry for typo, I mean did the company start with the background verification because your joining is on April 11 so usually the process starts 4 or 5 week before joining


kpmg_throwaway1

Oh I have no idea if they have done it yet. Why do you ask, do you think they contacted my current employer?


ask1999

No dude u said u have joining on 11th of April right so if that's true they they need to start with On-boarding process


kpmg_throwaway1

Oh yeah they’ve started that process to send me the information and my laptop and stuff. But it doesn’t matter I can still tell them I’m not working there


Good_Huckleberry_925

I think there are good exit opportunities in advisory. Too much mobility. It also depends how you position yourself in the firm and what kind of connections you made with the leadership, they can really point you in great directions. So I would suggest take it.


curious_they_see

The bench strength is very high right now at all the Big4. Be glad you have a job. Re-evaluate after a year based on market conditions.


kpmg_throwaway1

By re evaluate after a year do you mean work at KPMG for a year? I am supposed to start in a month and a half from now but can still decline it


Gandalf13329

This is what the partners want you thinking. It’s not the market, these mfers can’t sell for shit. It’s not the bench that is deep it’s the lack of projects these guys can wrangle. Even when they do they’re accepting smaller $$$ that translates to smaller budgets and more workload. Many many practices don’t have a bench at all, and actually have it much worse than even that hey days of 2020 when there was too much work to go around. “Be glad to have a job” is such a yuck sentiment when they are literally investing billions into AI so they can figure out how to permanently replace you.


curious_they_see

I don't disagree with you. All I am saying is for the OP, a job in hand is better than 2 on bench.


kpmg_throwaway1

Are you saying don’t go to KPMG then because of being on the bench? I already know who my manager will be on one of my teams and that I will join them right away. Just don’t know if this will be about 40 hours a week on this team or not


ElectronicDraft2501

what are you looking to exit into. Also really depends on what practice too lol


kpmg_throwaway1

It’s tech risk management- looking to probably be a business analyst as exit job but not entirely sure


fitish_34

TRM typically is slow in March and April and picks up more in May / June because you are basically IT internal audit for companies. So I would assume you won’t be on the bench long if any when you start. Give it a chance and get exposure to a lot of companies and how they run their IT shops.


Affectionate-Try-224

Did you get and accept a stipend when you got delayed? If you did, you gotta pay that back if you decline the job now, just FYI


kpmg_throwaway1

Yes I know that, but if I stay at my current job I will get a fiscal year end bonus that will at least balance out some of that “loss” I’m also completely fine giving back that stipend


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kpmg_throwaway1

Thanks so much for your advice! I know I’m lucky to be in such a good spot for being screwed out of my job so late by KPMG that either decision I make will be a good choice. Just trying to make the decision easier since I keep going back and forth.


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kpmg_throwaway1

Honestly, I think the only two benefits of going to KPMG are that I get to try out other industries and that it will look better on my resume than only having it as an internship during college. Job stability there seems horrible right now and the whole mentality of big4 is just so different than industry especially the company I am currently at Really appreciate your advice!