KPMG to Lay Off 330 Audit Staff in the U.S.

(Reuters) – KPMG will lay off less than 4%, or approximately 330 individuals, from its audit workforce in the United States, according to a source familiar with the situation.

KPMG is one of the Big Four accounting firms, alongside Ernst & Young, Deloitte, and PricewaterhouseCoopers.

"The actions reflect our ongoing focus to align the size, shape and skills of our workforce to the market, while addressing continued low levels of attrition," a KPMG spokesperson stated in an email.

KPMG operates in more than 143 countries and territories, employing over 273,000 partners and staff.

In October 2023, KPMG also planned to cut around 100 jobs in its UK deal advisory business, as indicated by a source.

Previously, in June of the last year, KPMG announced layoffs impacting 5% of its U.S. workforce, citing "economic headwinds, coupled with historically low attrition," as reasons for the cuts.