No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, January 10, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 5 mins read
A A
KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar
Share on FacebookShare on TwitterShare on LInkedIn



When Timothy Walsh walked into KPMG for the first time 33 years ago, he was handed a stack of loan files and sent straight to a copy machine. The new intern spent his first week feeding paper into the copier at a New Jersey bank, the monotonous work that now seems worlds away from the gleaming glass headquarters he leads today.

“It’s funny,” Walsh said in an interview with Fortune. “I stood at that copy machine all week making copies of loan files for audit evidence. When I look at what our people do today — and the kind of skills they bring — it’s completely transformed.”

That transformation is both personal and symbolic. Walsh, who took over as KPMG’s U.S. chair and CEO in July, began as an intern and climbed every rung of the firm’s hierarchy. His path from copy room to corner office has become part of how he talks about opportunity and staying power in an era when most new grads are expected to job-hop their way through a tight labor market. 

Yet even as Walsh champions the value of entry-level work and promises to keep hiring younger people — “I still think the internship is the most important part of what we do” — the definition of “junior” is shifting fast.

Inside KPMG’s consulting arm, new hires are being trained to manage teams of AI agents to help build decks or spreadsheets. The firm’s global AI workforce lead, Niale Cleobury, told Business Insider that KPMG wants “juniors to become managers of agents,” delegating grunt work like data analysis and research to automated assistants to free them up to become more involved in more advanced, strategic decisions. 

That modernization push extends beyond workflows to the workplace itself. Now he’s betting that the effort KPMG is putting into its new headquarters in Manhattan, complete with “war-mapping” strategy rooms, skyline lounges, and even what one executive called “MTV-style” confession rooms for clients to record reflections after big projects, will provide the next generation with that same sense of opportunity. 

KPMG has consolidated three legacy Manhattan offices — 345 Park Avenue, 560 Lexington Ave, and 1350 Avenue of the Americas — into one 450,000-square-foot tower, a footprint reduction of approximately 40%.Walsh said he sees it as key to getting the next intern-turned-executive on a similar trajectory to him. 

“I really do believe that someone can start here as an intern, like I did, and build a long-term career,” he said. “It’s still possible, maybe even more so now, because there are so many ways to grow inside one firm.”

Glossy new building

The gleaming new building comprises 12 floors at Two Manhattan West, the final skyscraper in Brookfield’s eight-acre development between Moynihan Train Hall and Hudson Yards. It arrives at a delicate moment for white-collar work. 

Five years after the pandemic scattered office life, corporate America is still in the process of negotiating its terms of return. 

“Hybrid creep” is quietly pushing people back — 63% of U.S. workers are now fully in-office, according to Owl Labs data — even as surveys show that rigid mandates tank morale and drive attrition.

Walsh and his leadership team insist their version is voluntary, not punitive. 

“We already have minimums in place, and those are working really just fine,” he said. “I’m more worried about being oversold in this space than people not coming in.”

The firm expects most professionals to be in roughly three days a week, varying by business. Audit and advisory staff often spend long stretches at client sites, while partners and internal teams flow through on staggered schedules.

“People want to come in,” Vanessa Scaglione, the head of Real Estate Services, said. “People want to be seen and heard and valued.” 

Scaglione led a Fortune reporter on a private tour of the office ahead of their doors opening Nov. 5. There, a group of KPMG staffers followed and sometimes interjected with their own thoughts on the building, while workers fastened the last screws on light bulbs and organized plants strewn around the office. 

A smaller footprint, a bigger statement

The 12 floors are split into four New York-inspired “neighborhoods” — Financial District/ Downtown Manhattan, Midtown, Upper Manhattan, and Central Park — connected by monumental staircases. There’s a barista bar called Common Ground with views of Lower Manhattan; an employee lounge, The Manhattan, designed to feel “more like your living room than an office”; and an open terrace with skyline seating for impromptu meetings. A digital booking app replaces assigned seating, and early demand is so high it’s already “sold out,” Walsh said. 

The centerpiece is Ignition, the firm’s design-thinking lab that doubles as a client theater. There, executives simulate everything from AI rollouts to supply-chain shocks using wall-sized, LED touchscreens and movable furniture. Brian Miske, who heads Ignition nationally, called it a “thinking accelerator.”

“People get more done in one day here than they would in 30 days anywhere else,” he said. “It’s designed and engineered to maximize space for thinking as well as work.”

Miske, however, admitted that even for leaders like him, the office isn’t a five-day affair. 

“We travel, we’re with clients all the time,” he said. “Some weeks we’re here, some weeks we’re in Orlando or California: this isn’t meant to be full every day. It’s meant to be buzzy and busy when it matters.”

That sentiment captures KPMG’s bet: that offices no longer need to be constantly filled — only consistently valuable. 

“We designed to be hybrid,” Scaglione explained, as she pointed to a small room fitted with large cameras that connect in-person employees into large apparitions on their remote worker colleagues’ screens. 

The design of the building is embedded with that philosophy. Each “neighborhood” offers different work modes in a way that echoes, perhaps, a classic college library — quiet focus zones, collaborative “thrive hubs,” and transient rooms for short bursts of work. Lighting and sound adjust to occupancy, and video systems auto-frame speakers to make hybrid meetings feel equal. Even the materials were chosen through a neurodiversity lens to balance stimulus and calm; bright blue patterned wallpaper here, calmer tones there. 

The idea, Miske said, isn’t to recreate home but to offer what home can’t.

“That’s why I say people want to be in person,” he said. “Because once you’re able to build that roadmap and so you can feel seen and heard and valued, you’re able to go back to wherever your working place is, whether you’re in a virtual environment or hybrid environment, and really execute on those.”

Across corporate America, companies are using architecture to reverse the isolation of remote work. But the stakes are high. Surveys show that 99% of RTO mandates lower engagement, and nearly half increase attrition. KPMG’s approach, a gentle pull rather than a push, is testing whether space itself can restore culture.

Walsh calls the tower “a representation of everything we are at KPMG.” 

He knows not everyone will be there every day, and that’s fine. 

“The most important place for our people,” he said, “is with our clients.”



Source link

Tags: BarBaristaCEOGeninternjoinedKPMGsLoungesluremoodyOfficeoutfittedYears
ShareTweetShare
Previous Post

Entering the Discomfort Zone

Next Post

Revolutions in Russia in 1917: February and October

Related Posts

edit post
Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

by TheAdviserMagazine
January 10, 2026
0

The inflows in gold ETFs have hit an all-time high of Rs 11,646 crore in December, while witnessing a surge...

edit post
Trump calls for one-year cap on credit card rates at 10%

Trump calls for one-year cap on credit card rates at 10%

by TheAdviserMagazine
January 10, 2026
0

President Donald Trump on Friday called for a one-year cap on credit card interest rates at 10%, effective Jan. 20,...

edit post
Some Republicans push back against Trump on Greenland, Venezuela, and health care

Some Republicans push back against Trump on Greenland, Venezuela, and health care

by TheAdviserMagazine
January 9, 2026
0

For House Republicans, the political year started with a pep rally of sorts as President Donald Trump gathered them at Washington’s Kennedy Center for...

edit post
FluroTech appoints Reem Chalhoub as CFO (TEST.H:CA:TSXV)

FluroTech appoints Reem Chalhoub as CFO (TEST.H:CA:TSXV)

by TheAdviserMagazine
January 9, 2026
0

FluroTech (TEST.H:CA) on Friday is pleased to announce that effective October 6, 2025, Reem Chalhoub has been appointed as the new...

edit post
The 6-7 craze offered a brief window into the hidden world of children. Even more, it showed how much of social life happens online

The 6-7 craze offered a brief window into the hidden world of children. Even more, it showed how much of social life happens online

by TheAdviserMagazine
January 9, 2026
0

In case you managed to miss it, 6-7 is a slang term – spoken aloud as “six seven” – accompanied...

edit post
Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made ,563

Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made $1,563

by TheAdviserMagazine
January 9, 2026
0

McMillon, who has been leading the $905 billion grocery chain giant since 2011, enjoys around $27.5 million in total compensation....

Next Post
edit post
Revolutions in Russia in 1917: February and October

Revolutions in Russia in 1917: February and October

edit post
Stock market sentiment likely to remain constructive after sharp rally in October: Analysts

Stock market sentiment likely to remain constructive after sharp rally in October: Analysts

  • Trending
  • Comments
  • Latest
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Jim Cramer Says “Taiwan Semi Is a Very Good Company”

Jim Cramer Says “Taiwan Semi Is a Very Good Company”

0
edit post
No Trump tariff ruling on Friday

No Trump tariff ruling on Friday

0
edit post
9 Ways to Avoid Price Hikes Due to Tariffs

9 Ways to Avoid Price Hikes Due to Tariffs

0
edit post
Ripple Gets FCA Green Light for UK Payments via Local Unit, but with Tight Limits

Ripple Gets FCA Green Light for UK Payments via Local Unit, but with Tight Limits

0
edit post
Why Your January Electric Bill Has a New ‘Grid Fee’ (And the 13 States Hit Hardest)

Why Your January Electric Bill Has a New ‘Grid Fee’ (And the 13 States Hit Hardest)

0
edit post
Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

0
edit post
Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?

January 10, 2026
edit post
Trump calls for one-year cap on credit card rates at 10%

Trump calls for one-year cap on credit card rates at 10%

January 10, 2026
edit post
9 signs you have a genuinely beautiful soul, even if you’ve never felt special in your life

9 signs you have a genuinely beautiful soul, even if you’ve never felt special in your life

January 9, 2026
edit post
Solana To Retest November Lows, But Analysts Remain Bullish

Solana To Retest November Lows, But Analysts Remain Bullish

January 9, 2026
edit post
South Korea Supreme Court Ruling Treats Exchange-Held Bitcoin as Seizable Property

South Korea Supreme Court Ruling Treats Exchange-Held Bitcoin as Seizable Property

January 9, 2026
edit post
Some Republicans push back against Trump on Greenland, Venezuela, and health care

Some Republicans push back against Trump on Greenland, Venezuela, and health care

January 9, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Gold ETF inflows hit all-time high of Rs 11,646 crore in December, up 211% MoM. What should investors do now?
  • Trump calls for one-year cap on credit card rates at 10%
  • 9 signs you have a genuinely beautiful soul, even if you’ve never felt special in your life
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.