KPMG Australia Plans to Cut 5% of Jobs, Warns Soft Conditions to Persist
KPMG said consulting revenue fell 17% as it braces for lost audit work and broader restructuring after a whistleblower data breach.
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KPMG to cut almost 400 jobs after audit leaks scandal
Accounting firm KPMG says it will cut 27 partners and about 360 staff from its Australian arm, and revamp its structure as it grapples with lower revenue from lost contracts following the audit leaks scandal.
KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist
SYDNEY, Aug 24 (Reuters) - KPMG Australia said on Monday it plans to cut about 5% of its workforce, mainly in its consulting and business services divisions, affecting 27 partners and around 360 employees, and warned difficult market conditions w...
KPMG slashes staff as ‘challenges created by our own failings’ start to bite
“After careful consideration, we have made the difficult decision to reduce our workforce and restructure parts of the firm. This is not a decision that has been taken lightly, and we know it will have a very real impact on people,” Sams said in a statement Monday morning.
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