KPMG UK is set to lay off hundreds of staff in its data and tech division in the latest round of redundancies at the Big Four firm.
The new round of cuts will affect 200 roles from its advisory business, according to the Financial Times, and amounts to about 4 per cent of the firm’s permanent advisory workforce, which includes AI and cyber security specialists.
The cuts are subject to ongoing consultation with the firm, but the reports suggest the staff whose roles will be cut are expected to leave in October.
A KPMG UK spokesperson said: “As our market evolves, we are adapting where we are focusing and how we are set up to make sure we have the right skills in place to best serve our clients.
“To respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process,” they added.
A year of redundancies
This new round of cuts follows City AM’s July report that the Big Four firm was laying off around 10 per cent of staff in its UK group corporate services division. That round, which included staff across HR, corporate affairs, marketing, tech, and procurement, was understood to impact around 200 people.
In March, KPMG was revealed by Bloomberg to be laying off more than 500 staff in a round of redundancies that hit its advisory arm. Staff were told that some 440 assistant manager roles in the audit business would be cut and 120 roles across the advisory arm would be slashed.
City AM revealed in May that this first round of redundancies in 2026 triggered backlash from staff, who complained of a lack of communication during a ‘mismanaged’ redundancy round.