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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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Reuters broke the news in United Kingdom on Friday, March 27, 2026.
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