KPMG Australia Cuts 400 Jobs Amid Scandal
KPMG Australia is cutting nearly 400 jobs and warning of difficult market conditions. The firm faces intense scrutiny over the misuse of confidential client information.
Insights:
KPMG Australia will cut 380 jobs, impacting 27 partners and 360 employees, after client data scandals weighed on consulting revenue. The layoffs affect about 5% of the firm's workforce following whistleblower allegations regarding misuse of confidential information. The cuts follow a 17% slump in consulting revenue, driving overall annual revenue down 1% to A$2.26 billion ($1.6 billion) in the year ended June 2026.
