Markets

Australian house prices are booming because of COVID-19 – not despite it

The Australian property market has rebounded strongly as a result of the fiscal and monetary responses to the COVID-19 pandemic. KPMG calculates that homes in each capital city will continue selling higher as a consequence, with Sydney buyers paying $120,000 more than had no pandemic occurred. The price difference is […]
Australian house prices are booming because of COVID-19 – not despite it
Markets

The boss of KPMG UK has quit after telling staff to stop moaning about the pandemic. He also added that unconscious bias training was ‘utter c–p’

Bill Michael, KPMG UK boss, resigned Friday after telling staff to quit moaning about the pandemic. He told consultants they were very lucky and that unconscious bias training was “utter c–p.” KPMG will replace Michael with two women – the firm’s first female leaders in its 150-year history. Visit the […]
The boss of KPMG UK has quit after telling staff to stop moaning about the pandemic. He also added that unconscious bias training was ‘utter c–p’
Markets

PRESENTING: The post-pandemic future for major consultancies like PwC, Boston Consulting Group, and KPMG, and how they’re adapting to the new normal.

The coronavirus pandemic has taken a heavy toll on the management-consulting industry. The market for consultants has declined this year to an estimated $US132 billion from $US160 billion because of decreased client demand, according to research platform Statista. The crisis put a strain on corporate budgets, forcing some to cancel […]
PRESENTING: The post-pandemic future for major consultancies like PwC, Boston Consulting Group, and KPMG, and how they’re adapting to the new normal.
Markets

Layoffs, pay cuts, and dialed-back recruiting: Here’s how the biggest accounting and consulting firms are cutting costs and shrinking headcount

Professional services firms have been laying off employees and cutting pay as the coronavirus pandemic has hit their business pipelines. Firms have seen clients rein in on spending on consulting and advisory work as economic conditions across industries remain unclear. The question mark over the economy has also led to […]
Layoffs, pay cuts, and dialed-back recruiting: Here’s how the biggest accounting and consulting firms are cutting costs and shrinking headcount
Markets

KPMG axes 1,400 US jobs, cutting roles across its tax, audit, and advisory businesses, as the professional services industry continues to take a hit amid market uncertainty

KPMG, one of the Big 4 accounting firms, laid off 1,400 of its 35,000 US employees Tuesday. The layoff includes 779 tax, audit and advisory employees, the firm confirmed, and additional staff in business process groups, according to a source familiar with the matter. The firm has also cut pay […]
KPMG axes 1,400 US jobs, cutting roles across its tax, audit, and advisory businesses, as the professional services industry continues to take a hit amid market uncertainty
News

‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework for environmental, social, and governance standards (ESGs), The Financial Times’ Gillian Tett reports. “The time is now for companies to broaden their engagement with stakeholders,” Carmine Di Sibio, EY global chairman and CEO, told Business Insider via […]
‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards
Markets

Australia’s closed international borders could cost $117 billion and more than one million people over the next decade, according to a new report

KPMG has released new analysis of the economic cost of Australia’s hard international border, calculating it would shave $117 billion from national GDP by the end of the decade. By 2030, stalled migration would shrink Australia’s 2030 population by 1.1 million people and have cost every Australian the equivalent of […]
Australia’s closed international borders could cost $117 billion and more than one million people over the next decade, according to a new report
Strategy

PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis

The coronavirus pandemic has disrupted the management-consulting industry. The market for consultants has declined from $US160 billion to an estimated $US130 billion in 2020 because of decreased client demand, according to the research platform Statista. COVID-19 has forced firms to hold off on client projects, make significant changes to their […]
PRESENTING: 38 power players disrupting the $130 billion consulting industry and solving problems for clients in crisis