KPMG UK Layoffs: Professional Service Network To Cut 200 Roles in Corporate Services Division; Here’s Why
KPMG UK is cutting 200 roles in its corporate services division to streamline operations following its merger with KPMG Switzerland. This follows earlier reductions of 500 audit and advisory positions, reflecting a wider trend of cost-cutting and restructuring across the UK's Big Four accounting firms.
KPMG UK has announced plans to reduce its workforce by approximately 200 roles within its group corporate services division, representing a 10% reduction in this specific sector. These redundancies are part of a broader organisational restructuring aimed at streamlining operations following the recent integration of the firm’s UK and Swiss business operations.
Layoffs at KPMG UK
The planned cuts are set to impact central support functions, including human resources, corporate affairs, marketing, technology, and procurement. As per a report by Bloomberg, the firm is looking to avoid operational duplication and increase the use of offshore delivery models. This consolidation follows the formal merger of KPMG’s UK and Swiss businesses, which took effect on 1 October 2024. KPMG Layoffs: Firm To Cut 10% of US Audit Partners After Retirement Push Falls Short.
Continued Headcount Reductions
This latest round of job losses follows significant reductions earlier this year within KPMG’s UK audit and advisory divisions. As per a report by International Accounting Bulletin, the firm previously eliminated over 500 roles in audit, including 440 assistant manager positions, and 120 roles across its advisory arm. KPMG attributed these earlier decisions to low attrition rates and evolving market conditions that necessitated a right-sizing of its workforce. KPMG Layoffs: Company Set To Cut Up to 440 Audit Roles in UK Amid Consulting Slowdown and Digital Shifts.
Broader Trends in the Big Four
KPMG’s recent workforce adjustments mirror a wider trend of headcount reductions across the Big Four accounting firms in the UK. Competitors including PricewaterhouseCoopers and Deloitte have also been linked to potential job cuts within their respective audit divisions as they navigate a challenging economic climate. These moves occur alongside broader national discussions regarding the UK’s growth ambitions and the fiscal pressures facing both businesses and households under the new government.
(The above story first appeared on LatestLY on Jul 11, 2026 03:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
