Some 340 jobs were cut at KPMG following its headcount reduction plan, and a pay freeze has been implemented across KPMG. An internal email to staff said that plans to cut up to 3% of its workforce were now complete. The email contained a video link, in which the pay freeze was announced, reported the Evening Standard.
Accountancy Age also reports that the UK firm had "£1.7bn in revenues for the year ending 30 September 2011, with profits falling 5% to £396m," so we'll see if the Kampers fair better here in the States. Stay tuned.
340 jobs go at KPMG as pay freeze rolled out [Accountancy Age]