August 2024
KPMG is reportedly cutting a further 200 jobs in the UK, due to the slowdown in the consulting sector.
The firm said the cuts will affect both back office and client-facing roles, following a review of KPMG’s costs.
The announcement, which will reduce headcount by 1.2%, comes after 1,800 jobs were lost across the Big 4 in 2023.
KPMG also had to revoke job offers to some overseas graduates because of the introduction of the higher minimum salary for UK visas.
A spokesperson for the firm told the Financial Times: “Like the rest of our sector, we are still operating in challenging market conditions, which is why we have made the difficult decision to consult on proposals to reduce our cost base.”
The consultation process of the proposed KPMG redundancies will be completed by 1 October.
