KPMG Subsidiary to Cut 500 Jobs Amid Client Exodus over Ongoing Scandal

KPMG prepares to unleash ‘project vector’, slashing staff and costs

The local consulting and accounting giant’s board is focused on client retention, assuming the firm won’t win any new audit or advisory work in the short term.

‘Decisions soon’: KPMG starts talks on staff purge

KPMG boss confirms in an email it has begun discussions with partners who will lose their jobs as part of massive job cuts.

KPMG subsidiary to cut 500 jobs amid client exodus over ongoing scandal

A KPMG subsidiary is poised to cut around 500 positions amid a scandal involving misuse of confidential client data, impacting major client relationships.