KPMG to cut 200 UK advisory roles as too few consultants quit

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  "detected_at": "2026-09-16T10:33:26+00:00",
  "company": {
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    "domain": "kpmg.com"
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  "data": {
    "url": "https://bmmagazine.co.uk/news/kpmg-job-cuts-uk-advisory-consultants/",
    "title": "KPMG to cut 200 UK advisory roles as too few consultants quit - Business Matters",
    "excerpt": "KPMG has confirmed it will make about 200 roles redundant in its UK advisory division over the coming weeks, citing “low levels of attrition” among the reasons for the cuts. The reductions account for about 4 per cent of the firm’s UK advisory workforce and will affect all pay grades. A consultation to determine who will go is under way, with affected staff likely to depart next month. A spokeswoman for KPMG said: “To respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process.” The stories that matter to UK business, straight to your inbox. She said the firm was also acting “to make sure we have the right skills in place to best serve our clients”. The cuts come as corporate clients rein in their spending on consultants against a backdrop of trade wars, real wars, sluggish economic growth and persistent inflation. Revenues in KPMG’s advisory business declined by 3 per cent in its most recent financial year. Deloitte, EY and PwC also reported contractions in their consulting businesses. A few years ago, during the post-lockdown Great Resignation, the large accounting and consulting firms were competing to retain staff, but the backdrop has changed dramatically since then. Firms in the sector would normally respond to a smaller pipeline of...",
    "summary": "KPMG's advisory business revenue declined by 3% in its most recent financial year.",
    "planning": false,
    "image_url": "https://bmmagazine.co.uk/wp-content/uploads/2026/09/shutterstock_2497129275.jpg",
    "confidence": 0.8,
    "published_at": "2026-09-16T10:33:26Z",
    "article_sentence": "Revenues in KPMG’s advisory business declined by 3 per cent in its most recent financial year."
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