No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, June 13, 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
7 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
Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

by TheAdviserMagazine
June 13, 2026
0

According to rates from the Zillow lender marketplace, fixed and adjustable rates are moving lower compared to yesterday. The current...

edit post
Who is Bret Johnsen, the SpaceX CFO behind the company’s historic IPO?

Who is Bret Johnsen, the SpaceX CFO behind the company’s historic IPO?

by TheAdviserMagazine
June 13, 2026
0

While Elon Musk has extended his lead as the world’s richest man, the SpaceX IPO that made him a trillionaire...

edit post
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

by TheAdviserMagazine
June 13, 2026
0

As SpaceX's blockbuster stock market debut vaulted the company into the ranks of the world's most valuable firms and made...

edit post
AI shopping agents are coming. No one is ready for them

AI shopping agents are coming. No one is ready for them

by TheAdviserMagazine
June 12, 2026
0

AI shopping agents are coming. But no one is ready.While plenty of people are using AI models to help discover...

edit post
Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO

Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO

by TheAdviserMagazine
June 12, 2026
0

The SpaceX IPO is a culmination—not only of the rocket and AI company’s journey but of a decades-long shift in...

edit post
US stocks: SpaceX shares close 19% higher in historic market debut, value surges past  trillion

US stocks: SpaceX shares close 19% higher in historic market debut, value surges past $2 trillion

by TheAdviserMagazine
June 12, 2026
0

SpaceX soared in its Nasdaq debut on Friday, sending its value past $2 trillion, as investors jumped at the chance...

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
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
The 8 States That Still Tax Social Security in 2026

The 8 States That Still Tax Social Security in 2026

June 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
A Tax on Social Media – Blue-State Governments’ Newest Ploy

A Tax on Social Media – Blue-State Governments’ Newest Ploy

June 5, 2026
edit post
Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

0
edit post
The real cost of disconnected corporate tax systems

The real cost of disconnected corporate tax systems

0
edit post
It’s Not Just Social Security: Medicare’s Squeeze Starts in 2033

It’s Not Just Social Security: Medicare’s Squeeze Starts in 2033

0
edit post
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

0
edit post
STUDENT DISCOUNT NOW AVAILABLE! | Armstrong Economics

STUDENT DISCOUNT NOW AVAILABLE! | Armstrong Economics

0
edit post
Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap

Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap

0
edit post
Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower

June 13, 2026
edit post
Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap

Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap

June 13, 2026
edit post
Who is Bret Johnsen, the SpaceX CFO behind the company’s historic IPO?

Who is Bret Johnsen, the SpaceX CFO behind the company’s historic IPO?

June 13, 2026
edit post
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’

June 13, 2026
edit post
The Friendships Worth Letting Go of After 60

The Friendships Worth Letting Go of After 60

June 12, 2026
edit post
AI shopping agents are coming. No one is ready for them

AI shopping agents are coming. No one is ready for them

June 12, 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

  • Mortgage and refinance interest rates today, Saturday, June 13, 2026: All rates moving lower
  • Frax Governance Weighs Raising sfrxUSD Aave v4 Allocation Cap
  • Who is Bret Johnsen, the SpaceX CFO behind the company’s historic IPO?
  • 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.