Nearly 400 Jobs to Go as Auditing Giant Cuts Workforce After Government Contract Ban
The reduction will mostly hit its consulting and business services arm and take out 27 partners and around 360 employees.
TL;DR
- KPMG is cutting its local workforce.
- The firm has been suspended from applying for government contracts.
- KPMG's annual revenue fell 1% to $2.5 billion in fiscal 2026.
- The outlook for the new year remains difficult, with challenging market conditions expected to continue.
- The consulting business revenue decreased by 16.9%.