KPMG to Cut 10% of Its Audit Partners in US to Streamline Operations as Voluntary Retirement Plan Fails

KPMG is cutting 10% of its U.S. audit partners after early-retirement push fell short

About 100 partners are exiting the Big Four firm, which says the cuts align staffing with the size of its audit business

KPMG to cut 10% of its audit partners in US to streamline operations as voluntary retirement plan fails

Collectively, layoff announcements by Meta, Microsoft and Nike have led to cutting down of over 24,000 jobs in the US in a single day.

KPMG lays off 10% of US audit partners

Big Four firm KPMG is eliminating approximately 100 partners in its U.S. audit and assurance practice, after not enough of them accepted an early retirement program.

Big Four carnage as KPMG swings the jobs axe on both sides of the Pond

On the back of KPMG taking the shears to its partners’ headcount in the UK, around 140 audit partners across the Atlantic are now set to lose their jobs. The Big Four firm is set to cut about 10 per cent of its 1,400 US audit partners to reduce its bloated headcount. The move comes after its sister arm in the UK conducted another redundancy round last month, cutting around 600 jobs. The UK arm axed about 440 ‘assistant manager’ roles in the firm…

KPMG Layoffs: Big Four Firm Cuts 10% of Audit Partners

KPMG has begun reducing its US audit partner headcount by nearly 10%. Slowing staff departures and growing cost pressures pushed the firm into action. Partners who once expected long tenures are now facing an uncertain road ahead.KPMG Moves to Cut One in Ten US Audit Partners as Costs BiteThe firm's audit divisions have not grown at the pace leadership projected. Meanwhile, fewer partners are voluntarily stepping down or retiring. The gap betwee…

KPMG Layoffs 2026: 10% US Audit Partners Cut

About 10% of KPMG's audit partners in the US will be laid off. The decision is a result of a lack of success in a multi-year campaign to promote early retirements. Over a hundred partners are anticipated to be impacted by the cuts.Some will depart through voluntary retirements that were previously agreed upon, while others will be axed in the most recent wave of layoffs. According to KPMG, the goal is to bring the number of partners in the firm …