Updated
Updated · Bloomberg · Jul 9
KPMG UK Cuts 200 Support Roles After Swiss Merger Restructuring
Updated
Updated · Bloomberg · Jul 9

KPMG UK Cuts 200 Support Roles After Swiss Merger Restructuring

1 articles · Updated · Bloomberg · Jul 9

Summary

  • About 200 employees could leave KPMG UK as the firm cuts 10% of staff across its support teams in a new round of job reductions.
  • The layoffs are tied to restructuring following KPMG UK's merger with its Swiss business, according to the company.
  • The move adds to ongoing cost and staffing pressure across the Big Four, with KPMG UK targeting back-office functions rather than client-facing teams in this round.

Insights

As AI boosts KPMG's profits, why are hundreds of its staff facing redundancy instead of being retrained for the future?
With AI making entry-level roles obsolete, what is the new career path for aspiring accountants at Big Four firms?