layoffsKPMG UK Lays Off 4% of Advisory Staff Next Month
KPMG UK cutting 4% of Advisory staff next month
TL;DR
KPMG UK is laying off 4% of its Advisory staff, affecting Tech and Data roles. The cuts come as the firm's revenue fell 9% between fiscal 2024 and 2025.
KPMG UK is laying off 4% of its Advisory staff, impacting Tech and Data roles. The cuts are scheduled for next month as the firm's revenue fell 9% between fiscal 2024 and 2025, signaling ongoing pressure on the consulting business. The redundancy package includes statutory redundancy pay, pay in lieu of notice, employer pension contributions, and a car allowance, with a guaranteed minimum of £1,250 plus statutory redundancy pay or eight weeks' pay, whichever is higher.
Key Points
KPMG UK is laying off 4% of its Advisory staff, impacting Tech and Data roles.
Redundancy package includes statutory redundancy pay, pay in lieu of notice, employer pension contributions, and a car allowance.
Staff are guaranteed either £1,250 plus statutory redundancy pay or eight weeks' pay, whichever is higher.
KPMG's revenue fell 9% between fiscal 2024 and 2025, signaling ongoing pressure on the consulting business.
The firm's consulting business has been under pressure for some time as market demand has remained subdued.
Why It Matters
KPMG's latest cuts come six months after eliminating 600 roles across its UK organization. The redundancy package includes statutory redundancy pay, pay in lieu of notice, employer pension contributions, and a car allowance, with a guaranteed minimum of £1,250 plus statutory redundancy pay or eight weeks' pay, whichever is higher. This affects the Tech and Data roles, signaling ongoing pressure on the consulting business as revenue fell 9% between fiscal 2024 and 2025.
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