KPMG to Lay Off 1,000 Employees

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 cut 1,000 jobs.

That is roughly 0.4% of the 265,000 people KPMG employs.

LayoffTalk has tracked 4 layoff events at KPMG, with 4 additional events known from news reporting.