KPMG has confirmed a round of job cuts in the advisory and consulting practice as firm says it is ‘adapting where we are focusing the operation’ due to changing demand from clients. It also said the cuts were required due to ‘low levels of attrition’ as staff stay longer than expected, meaning the department is over-staffed.  

The redundancies will affect 200 advisory staff in client-facing positions, affecting 4% of the estimated 5,000 people working across the consulting and deal advisory service line, which generated £1.19bn in revenue in FY25, down 3% across the UK/Swiss entity.

The move is part of a wider business restructuring as KPMG in the UK reviews ‘how we are set up to make sure we have the right skills’.

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