Finance
Kpmg Plans to Cut Hundreds of Jobs in Auditing Division, Bloomberg News Reports
Published by Global Banking & Finance Review®
Posted on March 27, 2026
1 min readLast updated: March 27, 2026
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KPMG UK's audit unit has informed nearly 600 staff their jobs may be cut, with up to 440 expected to leave if the redundancy plan is approved, reflecting broader cost pressures across the Big Four amid slowing client demand. Authorities are reviewing audit quality issues at KPMG UK.
KPMG to Cut Hundreds of Jobs in UK Audit Division, Bloomberg Reports
KPMG UK Audit Division Job Cuts: Key Details
Background on KPMG's Redundancy Consultation
March 27 (Reuters) - Big Four accounting firm KPMG's UK unit has told nearly 600 staffers in its audit business that their jobs are at risk, Bloomberg News reported on Friday, citing people familiar with the matter.
Expected Impact on Workforce
The company ultimately expects as many as 440 people will leave the business if a redundancy consultation proposal goes ahead, the report said.
Company Response and Media Coverage
KPMG did not immediately respond to a Reuters request for comment.
Reporting Credits
(Reporting by Carlos Méndez in Mexico City; Editing by Shailesh Kuber)
Key Takeaways
- •KPMG UK initiated a consultation affecting ~600 audit staff, aiming to reduce headcount by up to 440 as part of restructuring amid weak demand. (independent.co.uk)
- •These job cut plans are aligned with trends across the Big Four responding to a market slowdown, with similar reductions prior in advisory and back‑office roles. (news.bloombergtax.com)
- •KPMG UK has also faced regulatory scrutiny and fines in recent years for audit failings, intensifying pressure to streamline operations and improve audit quality. (en.wikipedia.org)
References
Frequently Asked Questions about KPMG plans to cut hundreds of jobs in auditing division, Bloomberg News reports
1How many KPMG audit division staff are at risk of losing their jobs?
Nearly 600 staffers in KPMG's UK audit business have been told their jobs are at risk, according to Bloomberg News.
2How many redundancies does KPMG expect in its UK audit division?
KPMG expects as many as 440 people will leave the business if the redundancy proposal goes ahead.
3Where was this information about KPMG job cuts reported?
The job cuts were first reported by Bloomberg News, citing people familiar with the matter.
4Has KPMG responded to media requests about the layoffs?
KPMG did not immediately respond to a Reuters request for comment on the planned layoffs.
