KPMG, one of the world’s “Big Four” accounting firms, will reduce its U.S. audit workforce by nearly 4%, impacting approximately 330 employees, according to a source close to the company. This adjustment aligns with KPMG’s strategy to adapt to a changing market, where it aims to balance workforce skills with demand amidst ongoing low attrition rates.
A KPMG spokesperson commented that these steps reflect a strategic alignment of workforce size and expertise to meet market needs, further noting the sustained low turnover in the company.
With a global footprint spanning over 143 countries and a team of more than 273,000 employees, KPMG has been actively restructuring in response to economic pressures. Last year, the firm laid off around 5% of its U.S. workforce as it navigated what it described as “economic headwinds and historically low attrition.” This recent U.S. workforce reduction follows KPMG’s October announcement of planned cuts to around 100 positions within its UK deal advisory team.
KPMG joins other Big Four accounting giants — Ernst & Young, Deloitte, and PricewaterhouseCoopers — in recalibrating its workforce amid ongoing global financial challenges.
