Accounting giant KPMG intends to eliminate roughly 100 jobs from its deal advising division in the UK, as per reports
Accounting giant KPMG intends to eliminate roughly 100 jobs from its deal advising division in the UK, as reported by Reuters. It is estimated that the layoffs will affect closer to 6 per cent of the 1,700-person KPMG deal advising team in the UK and stated the decision was made because of a decline in client demand.
In September, the news reports claimed that KPMG intended to fire 125 of its UK consultants, or 2.3%, of its workforce.
In June, the accounting firm also disclosed layoffs impacting 5 per cent of its U.S. workers. Reuters reported last month that Deloitte planned to eliminate more than 800 jobs in the UK. Deloitte, KPMG, EY and PwC are the big four accounting firms.
KPMG firms operate in 143 countries and territories and, in FY22, employed more than 265,000 partners and staff to serve the needs of business, governments, non-profit organisations, public sector organisations and the capital markets through their audit and assurance practises.