As KPMG looks to cut hundreds of staff, expect more layoffs at the Big Four

Layoff Watch '26: The King's KPMG Kindly Asks 600 Auditors to GTFO

We covered this story in yesterday’s Monday Morning Accounting News Brief but it’s significant enough news to earn its own spot in a separate article as it’s a large market and involves a helluva lot of people. We first saw this on Reddit a few days ago: KPMG UK Audit layoffs by u/Educational-West4131 in Big4 You may remember PwC UK doing a similar round of “voluntary” separations in 2023. Very similar, actually: PwC needed 600 people to leave …

KPMG UK fires 600 employees…11% pay hike for partners

If you’ve been following the Big 4 lately, you’ve probably heard the buzz: KPMG UK is planning to cut almost 590 roles. Hundreds of audit professionals are at risk, according to the Financial Times. And yes, most of the affected roles are assistant managers. The headline On March 27, KPMG UK announced (internally to its staff) a round of layoffs. But here’s the part that matters: 440 roles are from audit The majority are assistant managers That…

As KPMG looks to cut hundreds of staff, expect more layoffs at the Big Four

The Big Four giants, after hitting pandemic-era highs, are currently navigating a perfect storm of challenges: a harsher market, a surge in AI investment and a stagnant economy. These pressures are forcing firms to take a pair of shears to their workforces as the industry’s traditional “attrition model” fails to keep pace with reality. Over the weekend, news broke of yet another redundancy round at one of the Big Four firms, this time at KPMG, a…

KPMG UK plans to cut hundreds of audit jobs

The proposed cuts impact roughly 6% of the audit division's 7,100 employees.