KPMG to Lay Off 360 Employees

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 cut 360 jobs affecting its consulting and business services team.

That is roughly 0.1% of the 265,000 people KPMG employs.

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