KPMG is laying off over 500 staff in its UK operations. The cuts primarily affect 440 assistant manager roles in the audit business. An additional 120 positions will be eliminated from the advisory arm. KPMG attributes these reductions to low attrition rates and market conditions. The firm previously over-hired during a post-lockdown demand surge.
United Kingdom
https://www.consultancy.uk/news/43655/kpmg-to-shave-more-than-500-roles-from-uk-headcount