Layoffs continue at KPMG as another 200 jobs face the axe - People Matters Global
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KPMG is preparing another round of layoffs, with around 200 roles set to be cut across its corporate services division as the professional services giant reshapes its operating model following the integration of its UK and Swiss businesses. According to City AM, the proposed reductions will affect around 10 per cent of the firm's group corporate services workforce, spanning functions including HR, corporate affairs, marketing, technology and procurement. The latest move marks another significant workforce reduction for KPMG, which has already cut more than 500 jobs earlier this year as market conditions continue to weigh on demand across parts of the professional services sector. In a statement shared with City AM, a KPMG UK spokesperson said the proposed cuts form part of a broader effort to streamline operations following the firm's cross-border integration strategy. "As we continue to integrate our UK and Swiss businesses to deliver on our group strategy and drive growth, we are looking at the shape of our operating model," the spokesperson said. The firm added that it has launched proposals to reduce roles in its central services by 10 per cent to: The spokesperson also said employees would be supported throughout the consultation process. The integration between KPMG UK and KPMG Switzerland officially came into effect on 1 October 2024, following overwhelming...
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