KPMG UK to cut 200 advisory roles in new redundancy round

KPMG UK is preparing to reduce its workforce by 200 positions within its data and technology division. This latest move represents the most recent phase of cost-cutting measures at the Big Four accounting firm. The affected roles are part of the advisory business and include specialists in artificial intelligence and cyber security. The proposed reductions equate to approximately four per cent of the firm’s permanent advisory staff. While the changes are subject to ongoing consultation, reports indicate that the impacted employees are expected to depart in October.

A spokesperson for KPMG UK stated that the firm is adapting its structure and focus areas to align with evolving market conditions. The objective is to ensure the organisation possesses the appropriate skills to serve clients effectively. The firm noted that these proposals are driven by market dynamics and low levels of natural attrition. KPMG confirmed it will support colleagues throughout the process as it proposes reductions in certain client-facing advisory teams.

This announcement follows a series of significant staff reductions at the firm earlier in the year. In March, Bloomberg reported that KPMG was laying off more than 500 staff across its advisory and audit divisions. That round included the removal of 440 assistant manager roles in audit and 120 positions in advisory. Affected staff were reportedly set to receive a minimum of eight weeks’ basic salary, inclusive of statutory redundancy pay. City AM subsequently reported in May that this initial round of redundancies triggered staff backlash over a lack of communication. A separate report in July indicated that around 200 people in the UK group corporate services division, including HR and marketing staff, were also made redundant.