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KPMG plans to cut hundreds of jobs in UK auditing division
London | KPMG is cutting close to 600 UK jobs as the big four accountancy firm struggles to reduce costs amid a harsher market.
Staff were told on a hastily convened call that KPMG would axe about 440 assistant manager roles in the firm’s audit business, out of a total of 590 roles that are “at risk” within the division, according to people familiar with the matter.
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KPMG Layoffs: Company Set To Cut Up to 440 Audit Roles in UK Amid Consulting Slowdown and Digital Shifts
London, March 30: KPMG UK has announced plans to reduce its workforce by approximately 440 roles within its audit practice, marking a significant restructuring for the "Big Four" accounting firm. The decision comes as the professional services sector faces a cooling demand for consulting and advisory work, coupled with a broader effort to streamline operations and enhance long-term profitability.
The proposed layoffs represent roughly 6% of the firm's UK audit staff, which currently totals more than 7,000 employees. While the audit sector has traditionally been seen as a stable revenue driver, the firm has indicated that the current economic climate and internal performance targets necessitate a "right-sizing" of the department to maintain a competitive edge. Tech Layoffs 2026: Meta, Amazon, and Epic Games Slash Workforce Amid Strategic Industry Realignments.
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