KPMG is cutting a further 200 jobs in the UK as the Big Four firm faces a prolonged slowdown in demand for some services and a drop in the number of staff quitting. The accounting and consulting business told staff on Thursday that it would axe about 200 back-office and client-facing roles following a review of its cost base, according to people familiar with the matter.
“We anticipate the market remaining volatile in the short to medium term,” said one person briefed on the latest redundancy programme. “Our rate of firmwide attrition is low. This has been the case for the last year.” The consultation process on the proposed redundancies would be completed by October 1, the person added. Source Global Research has forecast that Britain’s consulting market will struggle to grow this year as businesses spend less on corporate advice.