600 on notice? KPMG job cuts begin and even qualified accountants aren’t safe
KPMG's UK audit division is preparing to cut up to 440 jobs, primarily targeting qualified assistant managers. The firm cites a "low attrition" rate, leading to a "bloated" middle tier that needs "right-sizing" to match current market demand. This move reflects a broader trend in the consulting sector, where firms are prioritizing efficiency and AI adoption.
KPMG's UK audit division is preparing to cut up to 440 jobs, primarily targeting qualified assistant managers. The firm cites a "low attrition" rate, leading to a "bloated" middle tier that needs "right-sizing" to match current market demand. This move reflects a broader trend in the consulting sector, where firms are prioritizing efficiency and AI adoption.
