Published by Global Banking & Finance Review®
Posted on March 27, 2026
1 min readLast updated: April 1, 2026
Add as preferred source on GoogleKPMG UK's audit unit has informed nearly 600 staff their jobs may be cut, with up to 440 expected to leave if the redundancy plan is approved, reflecting broader cost pressures across the Big Four amid slowing client demand. Authorities are reviewing audit quality issues at KPMG UK.
March 27 (Reuters) - KPMG's UK unit said on Saturday it plans to cut staff in its auditing division, following a report by Bloomberg News that the company expects up to 440 people will leave the business if a redundancy consultation proposal goes ahead.
"In our audit business, we expect to see a regular pattern of natural attrition. But current market conditions mean attrition rates are very low within certain parts of our audit population, which is why we are proposing to right size those areas," a KPMG UK spokesperson said in an emailed statement.
The statement did not say how many job cuts were likely.
The proposed cuts primarily target assistant managers who are qualified accountants, representing roughly 6% of the division’s 7,100-strong workforce, said Bloomberg, which cited people familiar with the matter.
(Reporting by Carlos Méndez and Mrinmay Dey in Mexico City; Editing by Shailesh Kuber and Edwina Gibbs)
Nearly 600 staffers in KPMG's UK audit business have been told their jobs are at risk, according to Bloomberg News.
KPMG expects as many as 440 people will leave the business if the redundancy proposal goes ahead.
The job cuts were first reported by Bloomberg News, citing people familiar with the matter.
KPMG did not immediately respond to a Reuters request for comment on the planned layoffs.
Explore more articles in the Finance category
