KPMG UK Cuts Around 200 Jobs in Advisory Business
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KPMG UK is set to cut around 200 jobs from its advisory business, blaming lack of staff attrition. The Big Four accountancy firm has proposed reductions amounting to around 4% of its advisory workforce, according to a spokesperson. The move follow previous rounds of job cuts across the business in recent months, which affected hundreds of auditors and around 200 back office staff. A spokesperson for the firm said that "market dynamics" and "low levels of attrition" mean it is "proposing reductions in some of our advisory client-facing teams." Consulting and accounting firms are pushing hard to curtail costs ... Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Log in to keep reading or access research tools and resources.
