KPMG axes 700 in the UK
KPMG is to axe 700 jobs in its UK offices as it continues to react to difficult market conditions.
KPMG is to axe 700 jobs in its UK offices as it continues to react to difficult market conditions.
The move will bring the number of job losses to almost 1,000 at the Big Four firm for 2002 – earlier in the year it announced 200 jobs would go in its tax practice, and a further 62 losses are expected to be made in the firms legal arm, KLegal.
In a statement, the firm said: ‘Where compulsory redundancies are made, KPMG will invest internal resources to help those affected find new opportunities outside the firm.’
The firm is expected to complete the latest round of cuts by September and they are likely to occur across the board.
KPMG also said that as part of its early retirement programme for partners, it expected the number of partners would fall from 600 to around 550.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThree years after accountancy group DJH Mitten Clarke launched, they have announced that they have rebranded to DJH. The DJH Mitten Clarke name reflec...
View articleStatic budgets outdated. Embrace agile budgeting for a smooth year-end close and adapt to changing markets. Read More...
View articleSaffery Champness's strategic rebrand to "Saffery" reflects a bold step towards aligning its historic values with a modern, innovative ethos, fosterin...
View articleSumer’s CEO Warren Mead believes accountants have a responsibility to champion smaller and medium-sized businesses and that successful entrepreneurs a...
View articleMid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...
View articleBaker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...
View articleWhilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...
View articleGrant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...
View article