KPMG tech cuts come with a severance sum some staff call insulting

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  "signal_type": "news",
  "signal_subtype": "has_revenue",
  "detected_at": "2026-09-18T10:32:00+00:00",
  "company": {
    "name": "KPMG",
    "domain": "kpmg.com"
  },
  "data": {
    "url": "https://www.theregister.com/channel/2026/09/18/kpmg-tech-cuts-come-with-a-severance-sum-some-staff-call-insulting/5296942",
    "title": "KPMG tech cuts come with a severance sum some staff call insulting",
    "excerpt": "channel AI, Cyber, SAP and Testing teams caught in latest reshaping of Big Four consultancy's Advisory arm KPMG UK is laying off staff from the Tech and Data areas of its Advisory division and offering severance terms that one affected employee described as \"insulting and disgraceful.\" The job cuts, affecting about 4 percent of the Advisory staff, were announced internally in July. Affected workers in the AI, Cyber, SAP, and Testing teams are scheduled to leave the consulting business next month. Insiders have now shared with The Register details of the payments offered to those set to depart. The proposed redundancy package, subject to consultation and the employee signing a settlement agreement, combines statutory redundancy pay with several enhancements. The document helpfully advises staff to divide their annual salary by 52 to calculate their weekly pay. The number of weeks to which each employee is entitled depends on their age during each full year of service: half a week's pay for each year worked while under 22, one week's pay for each year worked from age 22 to 40, and 1.5 weeks' pay for each year worked from age 41. \"If you turned 41 while working at KPMG, the higher rate of 1.5 weeks' pay only applies to the full year of service completed after you turned 41,\" KPMG's missive states. \"Redundancy pay is calculated based on the individual's number of years' service...",
    "summary": "The revenue of KPMG UK's consulting practice fell by 9 percent between fiscal 2024 and 2025, according to an analyst at TechMarketView.",
    "location": "United Kingdom",
    "planning": false,
    "image_url": "https://image.theregister.com/259352.jpg?imageId=259352&x=0&y=0&cropw=100&croph=100&panox=0&panoy=0&panow=100&panoh=100&width=1200&height=683",
    "confidence": 0.8,
    "published_at": "2026-09-18T10:32:00Z",
    "location_data": [
      {
        "region": "Northern Europe",
        "country": "United Kingdom",
        "continent": "Europe",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "\"The firm's consulting business has been under pressure for some time as market demand has remained subdued,\" said Duncan Aitchison, an analyst at TechMarketView, who estimated that the practice's revenue fell 9 percent between fiscal 2024 and 2025."
  }
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