With regard to the aforementioned cuts, the good news is that some of you got to keep your jobs. The bad news is many still did not:
KPMG lost 275 staff following a restructuring exercise to streamline the business. Earlier this year the firm announced it would reduce its headcount by 3% equal to about 330 staff out of about 11,299 that it employs following a planned review of the entire business. [...] A spokesman said: "The numbers were lower than originally mooted because we were able to redeploy a higher than expected number of people to other positions within the firm."
The catch, of course, for those of you that dodged this bullet is that you shouldn't expect a raise any time soon. We won't dwell on that though.
KPMG lose 275 staff in restructuring [Accountancy Age]