Hilary Cropper, chairman of the group, which provides accountancy services to BT, said market conditions were the worst she had ever encountered in her career and there is little evidence of a turnaround.
‘We have decided to plan for a flat market for the rest of this financial year and the rest. It’s prudent to assume things are not going to get better,’ said Cropper.
The job cuts will happen over the next four months and represent about 7% of the groups global workforce.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast