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KPMG Australia was once considering 1,000 job cuts; firm now confirms nearly 400 layoffs
In a turbulent move, KPMG Australia is set to lay off around 400 employees, including high-ranking partners. This decision comes on the heels of a scandal surrounding the misuse of sensitive client information. Coupled with diminished demand and slashed government budgets, the company grapples with declining revenues, particularly in its consulting division. Currently, KPMG Australia is undergoing a crucial restructuring amidst several ongoing investigations.
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theage.com.au
KPMG slashes staff as ‘challenges created by our own failings’ start to bite
KPMG’s new boss is cutting 380 employees and partners in what is expected to be just the first wave of job losses following the whistleblower scandal.
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abc.net.au
KPMG to cut almost 400 jobs after audit leaks scandal
Accounting firm KPMG says it will cut 27 partners and about 360 staff from its Australian arm, and revamp its structure as it grapples with lower revenue from lost contracts…
