Aug 20, 2026 – 2.15pmKPMG’s board is preparing to sign off on the first stage of a cost-cutting plan known as Project Vector next week, with the accounting and consulting firm in discussions about a financial lifeline from its global parent as an ongoing document misuse scandal hits revenues.Project Vector will initially target about two dozen partners and 450 staff. But more partners are expected to leave, including some waiting until end-of-financial-year bonuses are finalised at the end of this month.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
KPMG prepares to unleash Project Vector, slashing staff and costs
The local consulting and accounting giant’s board is focused on client retention, assuming the firm won’t win any new audit or advisory work in the short-term.
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