KPMG Cuts About 200 Jobs in U.K. Restructuring

KPMG to Eliminate About 200 Roles in U.K. Restructuring

KPMG announced a U.K. restructuring that will lead to roughly 200 employees leaving the firm, with affected staff to be notified by email on October 9, 2026, according to reporting by TechRadar, City AM and People Matters Global. The action is recorded under Financials layoffs for October 7–8, 2026.

The firm told those outlets it is shifting its focus and organizational setup to ensure the right skills are in place to serve clients; KPMG declined to comment further on the specifics reported by The Register, per the accounts published by TechRadar, City AM and People Matters Global. The notices are part of a planned UK-wide restructuring and the company is communicating directly with impacted employees.

Reports indicate the firm has offered redundancy terms marginally above statutory requirements plus a nominal £100 payment in exchange for waivers of legal rights to appeal or bring claims, according to the same reporting. Impacted staff are understood not to be eligible for year-end bonuses, which has drawn criticism from employees about the timing and withholding of earned bonuses, the outlets reported.

Reported details

• Company: KPMG (Financials sector)
• Location: United Kingdom
• Employees affected: 200
• Notification timing: staff to be notified by email on October 9, 2026 (reported by TechRadar, City AM and People Matters Global)
• Severance terms and bonus eligibility: marginally above statutory redundancy plus £100 waiver payment; reportedly not eligible for year-end bonuses (reported by TechRadar, City AM and People Matters Global)

KPMG’s reported restructuring and the associated workforce reductions are recorded here based on the cited coverage; the firm’s broader comments on the reshaping of roles were limited in the reports. The layoff notice is included among Financials layoffs for the October 7–8, 2026 period.