Exclusive: Big Four giant KPMG to cut more jobs

PwC is preparing to reduce headcount within its UK audit division, specifically targeting senior associates and managers following a market slowdown and low staff attrition. Simultaneously, Big Four giant KPMG intends to lay off approximately 10 per cent of its UK group corporate services division. This move affects around 200 employees across HR, corporate affairs, marketing, tech, and procurement. Both firms are implementing these redundancies as part of broader organisational adjustments within the accountancy sector.