KPMG to lay off 4% of its US audit workforce

Accounting firms hired aggressively during the pandemic. (Image: Supplied)

Tue, 05 Nov 2024

By Mark MaurerKPMG is laying off hundreds of employees in its US auditing business as it works to make up for lower levels of voluntary turnover. The Big Four accounting firm last week notified about 330 people, or nearly 4% of its roughly 9,000-person US audit workforce, that they would be let go in the coming weeks, people familiar with the matter said. The cuts have focused on employees such as associates and managers, and included no partners, the people said.The move follows several rounds of KPMG cuts in the US, including an audit-ce...

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