KPMG restructuring plans result in staff cuts

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KPMG has told its UK staff that up to 3% of roles, equating to more than 300 positions, will be “at risk” as part of a review across the entire business.

The Big Four firm said in a press statement that it has continued to grow its UK business in a subdued economy and fast-changing marketplace, but has “taken a hard look at our operations to ensure that we stay best positioned to continue providing the best services to our clients as efficiently as possible.

“Part of this means actively managing our cost base. As a result, a number of business units within KPMG are now carrying out reviews of their structures and headcount numbers. It is likely that we will need to make a number of roles redundant over the coming weeks.”

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Robert Lovell
Managing Editor
AccountingWEB.co.uk
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