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KPMGLayoff

KPMG set to slash hundreds more jobs before Christmas

What happened

KPMG announced that 387 people, comprising 27 partners and 360 employees, will lose their jobs amid declining consulting business.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

"Economic growth is expected to remain subdued until at least 2028, affecting client investment and extending decision-making timeframes. The professional services sector is also changing rapidly as client expectations evolve, AI reshapes the way services are delivered and government spending on consultants remains lower. We also recognise the challenges created by our own failings, and the work we must continue to do to rebuild trust." "While these conditions are likely to persist, we remain focused on what we can control. We will continue to monitor performance closely, act when needed and consider carefully how the firm needs to be set up for the future." That month, the firm announced 27 partners and 360 employees will lose their jobs in response to a significant decline in its consulting business and the impending loss of audit work following the whistleblower scandal. Last month, the Department of Finance has extended its ban on KPMG bidding for new federal government work until February next year after an independent review concluded the firm should not be permanently banned from government work after a whistleblower revealed confidential client information was used to win new business.

smh.com.au/business/companies/kpmg-set-to-slash-hundreds-more-jobs-be...Read the full source

Extracted by Autobound

From the Signal API record
Event
Layoff

What this signalsCuts often push teams toward cost and efficiency tools.

Jobs cut
387

More layoff signals at other companies

The full record

From the Signal API record

Numbers

Jobs cut (reported)
387
Headcount named
387

Extraction

Confidence
95%
Detected
Nov 1, 2026
signal_type
news
signal_subtype
decreases_headcount_by

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/e71da1ea-02b1-72af-b55f-ad777ef457bd returns this record as JSON. POST /v1/companies/enrich returns every signal for kpmg.com.

{
  "signal_id": "e71da1ea-02b1-72af-b55f-ad777ef457bd",
  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-11-01T23:27:24+00:00",
  "company": {
    "name": "KPMG",
    "domain": "kpmg.com"
  },
  "data": {
    "url": "https://www.smh.com.au/business/companies/kpmg-set-to-slash-hundreds-more-jobs-before-christmas-20261102-p61ai4.html",
    "title": "KPMG set to slash hundreds more jobs before Christmas - SMH.com.au",
    "excerpt": "“Economic growth is expected to remain subdued until at least 2028, affecting client investment and extending decision-making timeframes. The professional services sector is also changing rapidly as client expectations evolve, AI reshapes the way services are delivered and government spending on consultants remains lower. We also recognise the challenges created by our own failings, and the work we must continue to do to rebuild trust.” “While these conditions are likely to persist, we remain focused on what we can control. We will continue to monitor performance closely, act when needed and consider carefully how the firm needs to be set up for the future.” That month, the firm announced 27 partners and 360 employees will lose their jobs in response to a significant decline in its consulting business and the impending loss of audit work following the whistleblower scandal. Last month, the Department of Finance has extended its ban on KPMG bidding for new federal government work until February next year after an independent review concluded the firm should not be permanently banned from government work after a whistleblower revealed confidential client information was used to win new business.",
    "summary": "KPMG announced that 387 people, comprising 27 partners and 360 employees, will lose their jobs amid declining consulting business.",
    "planning": true,
    "headcount": 387,
    "image_url": "https://static.ffx.io/images/$zoom_0.2989%2C$multiply_0.7554%2C$ratio_1.777778%2C$width_1059%2C$x_0%2C$y_0/t_crop_custom/q_86%2Cf_auto/6217e726f213a5a6fc6ca57b5437de1dd7ccf52d",
    "confidence": 0.95,
    "published_at": "2026-11-01T23:27:24Z",
    "article_sentence": "That month, the firm announced 27 partners and 360 employees will lose their jobs in response to a significant decline in its consulting business and the impending loss of audit work following the whistleblower scandal."
  }
}

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