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 has proposed cutting around 200 jobs in the UK as part of a restructuring of its central corporate services, affecting functions including human resources, corporate affairs, marketing, technology and procurement. The proposed 10% reduction in central services is linked to the integration of KPMG’s UK and Swiss businesses agreed in 2024 and aims to remove duplication, increase technology investment and expand offshore delivery. The firm said affected employees will be supported through the consultation process. These proposals follow earlier reductions in 2026 when KPMG eliminated more than 500 roles across its UK audit and advisory businesses, including 440 assistant manager audit positions and about 120 advisory roles.