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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.

Summary by WTVB
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...

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Sydney Morning Herald broke the news in North Sydney, Australia on Monday, August 24, 2026.
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