KPMG To Cut Hundreds Of UK Jobs
KPMG is preparing to cut almost 600 jobs in the UK as the firm responds to a prolonged slowdown and unusually low staff turnover in parts of its business. The move reflects continued pressure in the professional services sector, where weaker market conditions have reduced hiring momentum and forced firms to reassess workforce size.
KPMG Plans Major UK Job Cuts
KPMG’s UK unit is proposing significant staff reductions as part of an effort to resize parts of the business. Reports have indicated that hundreds of roles could be affected, with the audit division among the main areas under pressure. The planned reductions highlight the scale of restructuring now taking place inside one of the Big Four firms.
Low Staff Turnover Adds To Pressure
The firm has linked the proposed cuts partly to unusually low attrition in certain teams. In normal market conditions, a regular number of employees would leave voluntarily over time, helping firms manage staffing levels naturally. But with fewer departures taking place, KPMG is now adjusting headcount directly in areas where capacity has outpaced demand.
UK Slowdown Continues To Affect Hiring
The development comes as the wider UK economy continues to face uneven business conditions. Hiring across sectors has remained cautious, and many companies are still responding to weak demand and tighter cost control. KPMG’s move suggests that even large professional services groups are not immune from the broader slowdown affecting jobs and expansion plans.
