KPMG UK Layoffs: Professional Service Network To Cut 200 Roles in Corporate Services Division; Here’s Why

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  "detected_at": "2026-07-11T10:22:39+00:00",
  "company": {
    "name": "KPMG",
    "domain": "kpmg.com"
  },
  "data": {
    "url": "https://www.latestly.com/business/kpmg-uk-layoffs-professional-service-network-to-cut-200-roles-in-corporate-services-division-heres-why-7512438.html",
    "title": "KPMG UK Layoffs: Professional Service Network To Cut 200 Roles in Corporate Services Division; Here’s Why - LatestLY",
    "excerpt": "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. 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. 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...",
    "summary": "KPMG's UK and Swiss businesses formally merged, with the consolidation taking effect on October 1, 2024.",
    "planning": false,
    "image_url": "https://st1.latestly.com/wp-content/uploads/2026/04/4-895496211-784x441.jpg",
    "confidence": 0.9,
    "published_at": "2026-07-11T10:22:39Z",
    "effective_date": "2024-10-01",
    "article_sentence": "This consolidation follows the formal merger of KPMG’s UK and Swiss businesses, which took effect on 1 October 2024.",
    "related_company_name": "KPMG Switzerland",
    "related_company_domain": "kpmg.com"
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