KPMG is set to cut around 200 jobs in the UK as part of an ongoing restructuring that now extends to its corporate services division.
The Big Four firms (Deloitte, PwC, EY, and KPMG) have proposed a 10 per cent reduction in central services roles. The cuts would impact functions including HR, corporate affairs, marketing, technology and procurement.
The move was reported to be linked to the integration of KPMG’s UK and Swiss businesses, a merger agreed in 2024. As per reports in City AM, the firm is reviewing the shape of its operating model as it works to deliver on its group strategy and drive growth.
The proposals are said to aim at avoiding duplication, making better use of technology investments and expanding offshore delivery. It was also reported that the company would support employees throughout the consultation process.
This follows an earlier round of cuts in 2026, when KPMG axed more than 500 staff, about six per cent of its 7,100 UK employees.
The job cuts are part of a wider trend across the Big Four. PwC is reported to be planning job cuts in its audit division, though the number has not been confirmed. Deloitte also reported that it was looking to cut nearly 200 jobs in its UK audit business.
