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January 29, 2023

Layoffs Watch ’12: KPMG Cuts Have Some People Spooked

Last month we learned that KPMG's UK operation announced its "regrettable" plans to tell 300 of its people to hit the bricks. While there hasn't been any other Big 4 firms in the Queendom, the news out of the House of Klynveld has people concerned:

The job cuts announced by KPMG could be the start of a wider trend, according to Accountancy Age readers. The overwhelming majority (76%) of the 71 polled expect more firms to make similar announcements, while 23% read nothing into the move. Only 1% of readers are unsure what to expect.
Gird your loins, Britain.
 

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