KPMG LOST 275 staff following a restructuring exercise to streamline the business.
Earlier this year, the firm announced it would reduce its headcount by 3%, equal to about 330 staff out of about 11,299 that it employs, following a planned review of the entire business.
Accountancy Age understands that now the exercise has been completed and the firm has made 275 redundancies, equal to about a 2.5% reduction in headcount.
A spokesman said: “The numbers were lower than originally mooted because we were able to redeploy a higher than expected number of people to other positions within the firm.”
When asked how much the restructuring process including redundancy costs amounted to KPMG declined to comment.
At the time of KPMG’s announcement in August that it was reducing headcount a spokesman said: “KPMG continues to grow its UK business in a subdued economy and fast-changing marketplace.
“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.”
Richard Oddy, Casper Kaars Sijpesteijn and Rory Goldthorpe have been appointed to senior roles in key sectors of high growth, with a further 17 junior and experienced hires
Adrian Hyde, a partner at CVR Global, has been appointed as the new president for a year-long term, effective 21 April this year
Richard White, Nicola Westbrooke and Richard Ross all join from KPMG, where they oversaw the real estate tax practice
Sheryl Davis joins the firm's High Wycombe office from Barnes Roffe