Layoffs Watch ’12: KPMG

Meanwhile, across the pond, a few hundred Klynveldians will have to find something else to do with their time in the very near future:

Staff at the auditor and consultant’s UK arm were told on Thursday that it was conducting a review of several business units after reducing its growth expectations. KPMG said just under 3 per cent of its 11,299 rank-and-file staff members were at risk of losing their jobs, equivalent to close to 340 posts. However, the firm’s 610 partners are not expected to be affected by the cuts. In a statement, KPMG blamed a “subdued economy and fast-changing marketplace” for the move. “Clearly, any redundancy situation is regrettable – and KPMG will make every effort to redeploy individuals within the firm,” it said, adding that the review was ongoing and subject to consultation.

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First it was KPMG Canada earlier in the week, now Edmund Tadros of the Australian Financial Review is reporting some grim news regarding job cuts at the Australian House of Klynveld: Professional services firm KPMG will cut 200 roles and slash the pay of equity partners by almost 17 per cent in response to the […]