Overview
- KPMG UK began a redundancy consultation after telling nearly 600 employees their jobs are at risk.
- The firm expects up to about 440 assistant manager posts in audit to go, with roughly 120 advisory roles also affected.
- Those roles sit mostly at assistant manager level held by qualified accountants, equating to about 6% of the 7,100-person audit team.
- KPMG says unusually low staff turnover in parts of audit led it to propose right-sizing those teams.
- Following earlier cuts of nearly 200 US audit roles, peers such as PwC and McKinsey also reduced staff in 2026 as consulting demand cooled.