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Readers expect more cuts after KPMG announcement

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.

The Big Four firm told staff last week that up to 3% were at risk of redundancy, after a review of the entire business. The firm employs 11,299 staff and said in a statement it “continues to grow its UK business in a subdued economy and fast-changing marketplace”.

It added: “However, we have taken a hard look at our operations to ensure that we stay best positioned to continue providing the best services to our clients as efficiently as possible.”

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