Jul 14, 2026 – 7.00pmKPMG is preparing to cut hundreds of jobs and reduce partner pay by as much as 20 per cent, as the fallout from the audit leaks scandal hits the big four firm’s bottom line.Senior leaders at the firm, which has about 9000 staff and 700 partners, are scrutinising client bookings to gauge the scale of the hit to its pipeline of work and are examining ways to offset this by cutting costs.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles