Layoffs | KPMG Audit Department reportedly plans to cut 600 jobs

SighingCashier · 2026-03-28T06:20:24+00:00

KPMG plans to lay off approximately 600 employees in the audit department, accounting for 6% of the department. An internal memorandum shows that the affected employees will be determined based on consultation results, with an estimated 440 layoffs. The layoffs mainly target assistant managers who have obtained their CPA qualification. The company stated that this adjustment is in response to market conditions.

SighingCashier

2026-03-28 06:20:24

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KPMG is reportedly planning to cut nearly 600 jobs in its audit division, which accounts for about 6% of the department’s staff.

According to a Bloomberg report, an internal memo from KPMG indicates that affected employees have been informed that they may face layoffs, depending on the outcome of consultations. Sources say that if the proposal moves forward after the consultation process, up to 440 individuals are expected to leave the business unit.

The layoffs are primarily targeting assistant manager positions that have already obtained accounting qualifications.

A KPMG spokesperson stated that the current market environment means that the turnover rate for some areas of its audit team is very low, hence the proposal to resize these areas; this decision was not made lightly.

KPMG’s audit department has 7,100 employees.

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