Once again, consultants are taking over this place. They are busy trying to figure out our new operating model and re-org to eliminate. It’s baffling that we are trying to save money but everywhere there are multiple companies consulting across the enterprise.
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Yeah. If I was a gambler I’d bet on selling real estate before the bank.
Is the point that they may be preparing to sell the bank? If so, I think SVB, Signature etc may have thrown a monkey wrench in that plan.
development plans.
IT laid off.
HR already 'simplified'
Our shared services heavily siimplified
https://assets.kpmg.com/content/dam/kpmg/pdf/2016/04/kpmg-da-selling-a-business.pdf
Any of this look / sound familiar??
At the same time, you need to consider whether the asset might be integrated with the buyer’s operations and what support services you would want to provide. By performing analyses around IT, HR, and other shared services you determine what is needed to operate under a standalone or integrated scenario, and gain information that can be used in negotiations to preserve or increase the value of the business.
How can I mitigate risks related to people and key management?
Motivating, retaining and incentivizing management and key personnel in non-core businesses is a key risk that needs proper mitigation. We help you understand emotional attachments and professional objectives that could impact the transaction and/or remainingbusiness. We then help identify actions that increase motivation and retention, including strategies for sending clear messaging to personnel and uncovering issues in reporting structures.
During pre-close you must also monitor the behavior of your personnel, who may have switched allegiances during the sales process.
https://kpmg.com/xx/en/home/services/advisory/deal-advisory/selling-a-business-the-divestment-process.html
Following up on my last comment. This is why I said what I said
That's usually a sign things are about to drastically change, ie, possible layoffs coming. I've lived thru it in fasg. Be especially concerned of KPMG employees