Nearly 600 employees told roles may be at risk in KPMG audit review
Synopsis
KPMG has told nearly 600 employees in its UK audit division that their jobs may be at risk. Up to 440 positions could be cut if a formal consultation goes ahead. The proposal comes mainly due to low staff turnover rather than weaker business performance.
KPMG has warned hundreds of employees in its UK audit division that their roles may be at risk. Nearly 600 workers were notified and up to 440 positions could be cut.
Key highlights
- Nearly 600 employees in KPMG’s UK audit division have been told their jobs are at risk.
- Up to 440 positions could be removed if the consultation process proceeds.
- The move is linked mainly to unusually low employee turnover in recent years.
- KPMG reported about $39.8 billion in global revenue for the 2025 financial year.
KPMG has informed hundreds of employees in its UK audit division that their roles could be at risk, according to a report published on March 27. Nearly 600 staff members were told their jobs may be affected, and up to 440 roles could be removed if a formal consultation moves forward.
The possible cuts are linked mainly to unusually low staff turnover rather than a decline in revenue. Fewer employees have left the firm in recent years, leaving some audit teams with more staff than needed.
Review focuses on audit division
The proposal applies specifically to the audit business, which remains one of the company’s largest service areas. The UK is also one of KPMG’s most important markets globally, and the audit practice plays a central role in its operations there.
The consultation process is still ongoing, which means the final number of job losses has not yet been confirmed.
Financial results remain steady
The workforce review comes even as the firm continues to report stable financial performance. KPMG recorded global revenue of about $39.8 billion for the financial year ending September 2025 and employs more than 275,000 people worldwide.
The company operates in more than 140 countries and is one of the four largest accounting networks alongside Deloitte, PwC and EY.
Part of a broader hiring slowdown
The development reflects wider changes across the professional-services sector. Hiring slowed across large accounting firms during 2025 as staff turnover remained below normal levels after a period of heavy recruitment in earlier years.
The report did not confirm whether similar job cuts are planned in other countries. KPMG has also not publicly stated how many roles will ultimately be affected once the consultation is completed.
FAQs
Q1. Why is KPMG planning job cuts in its UK audit division?
The firm is reviewing staffing levels mainly because employee turnover has remained unusually low in recent years.
Q2. How many employees could be affected by the proposed cuts?
Nearly 600 workers were informed their roles may be at risk, with up to 440 positions potentially affected.
Q3. Is the job-cut plan final yet?
No. The proposal is still under consultation, so the final number of roles affected could change.
Q4. Does this mean KPMG is facing financial problems?
No. The report said the move is linked to staffing levels, while the firm continues to report steady global revenue growth.
Follow Inspirepreneur Magazine for the business news.
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
You Might Also Like
Westpac First-Half Profit Misses Estimates Due To Iran War Pressure
Hurricane Erin Heads Towards North Carolina, Emergency Declared
