KPMG has cut 195 people from its US audit business to counter low employee turnover rates and changes in how it conducts its core business.
Employees learned earlier this week of the layoffs that hit just over 2% of KPMG’s US audit workforce, according to a person familiar with the company’s operations.
https://news.bloombergtax.com/financial-accounting/kpmg-cuts-195-us-audit-staff-in-fourth-layoff-in-three-years