Big Four firm launches its second round of job cuts this year affecting all areas, including its audit business
Coupled with a sharp drop in the number of staff leaving the firm voluntarily, Knopp said, KPMG was facing “a significant mismatch between the size of our workforce and the measure of resources that will be needed to deliver services in the coming year”.
While the consulting industry is continuing to grow overall, surveys show pockets of the industry where demand has slumped, not least related to mergers and acquisitions activity. More than three-quarters of professional services buyers had cancelled at least some existing projects or scrapped new ones, Source Global found, while two-thirds had paused most existing project work.
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