KPMG Australia's troubles deepen as it cuts 5% of its workforce

KPMG Australia is laying off hundreds of staff amid a major whistleblower-led scandal and slowing demand for consulting. The Big Four firm plans to reduce its workforce by approximately 5%, including 27 partners and 360 employees, with most affected roles in the consulting business. KPMG Australia employs roughly 10,000 people, including 600 partners. The decision was made after reviewing costs and future workforce needs in response to economic weakness, difficult market conditions, and the impact of its conduct and whistleblower matters.

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