KPMG

KPMG announced a staff reduction tied to an audit-leak scandal, cutting roughly 5% of its workforce with around 350 non-partner staff slated to be let go in an internal process described as a "tap and go." The article says 27 partners were recently tapped to leave, bringing partner departures to 80 since July, and that remaining staff will face a 13% pay cut. Revenue in its consulting division fell 16.9% and the firm blamed economic conditions and reduced government work alongside reputational damage from misuse of confidential client data. KPMG said the changes are part of a longer renewal process; the firm held an internal town hall and began contacting the circa 350 staff for redundancy notifications the day after the meeting.

KPMG Australia is preparing to cut hundreds of jobs and reduce partner pay by as much as 20% as the firm deals with fallout from an audit-leaks scandal. The firm has about 9,000 staff and 700 partners, and sources told AFR that total cuts could reach or exceed 1,000 people (which would be more than 10% of the workforce if partners are included). The anticipated reductions are part of broader cost-cutting measures while the firm is barred from bidding for government contracts through September and faces reputational and pipeline impacts. Revenue fell 3% year over year to A$2.315 billion for 2025, and senior leaders are scrutinizing client bookings to determine the scale of the hit and options to offset it.

KPMG Australia announced major cost-cutting measures that include plans for 'hundreds' of job cuts and a review of partner pay. The firm said it will reduce costs across its Australian operations as part of a broader restructuring, though the announcement did not provide a precise timetable for when the layoffs will occur. The article characterizes the workforce reduction as numbering in the hundreds; no specific departments were named. The measures are presented as planned actions to address financial or operational pressures and include changes to partner remuneration alongside staff reductions.

KPMG in the UK is cutting jobs in its Tech & Data division, with around 200 people in the division's AI, Cyber, SAP and Testing teams losing their jobs before Christmas. The article reports that on October 9 KPMG notified Tech and Data staff selected for redundancy and that the cuts affect about 4% of the division; some departing staff criticized severance terms including a reported £100 payment to waive claims. The piece also notes an internal promotion of Paul Henninger to group head of consulting and an interim boss to lead Tech & Data during the transition. KPMG cited continued investment and positive financial results for 2025, while employees described the timing and terms of the redundancies as damaging to morale.