KPMG says to cut jobs in UK auditing division
- KPMG UK plans to cut about 440 jobs in its audit division, representing around 6% of its UK audit staff of over 7,000, as part of a restructuring effort announced on March 30, 2026.
- The layoffs mainly affect junior to mid-level staff, especially assistant managers, and follow similar workforce reductions by other major accounting firms.
- KPMG states the job cuts are due to low staff turnover, a need to right-size the audit workforce, and a move to automate routine auditing tasks amid current economic conditions.
- Despite the job cuts, KPMG continues to invest in technology-driven audit solutions, emphasizes that audit remains a core business pillar, and aims to stay agile for future growth.
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KPMG Layoffs: Company Set To Cut Up to 440 Audit Roles in UK Amid Consulting Slowdown and Digital Shifts
KPMG UK plans to cut up to 440 audit roles, representing 6% of its practice, citing a slowdown in the consulting market. The restructuring follows similar moves by other Big Four firms as the sector adjusts to economic pressures and shifts toward digital automation to improve long-term operational efficiency. KPMG Layoffs: Company Set To Cut Up to 440 Audit Roles in UK Amid Consulting Slowdown and Digital Shifts.
KPMG seen to slash jobs in UK auditing segment
KPMG UK is set to reduce its workforce in the auditing division. The company anticipates a significant number of departures if a redundancy proposal is approved. This move aims to adjust staffing levels in specific audit areas. The proposed cuts primarily affect assistant managers who are qualified accountants. This action reflects current market conditions impacting attrition rates within the division.
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