Categories: BUSINESS

KPMG UK puts nearly 600 audit jobs at risk as cost pressure deepens

KPMG UK is cutting nearly 600 roles in its audit division and around 120 in advisory, citing tougher market conditions and unusually low staff turnover. The proposed redundancies, potentially affecting up to 440 audit staff, aim to right-size operations. This move highlights broader cost-cutting pressures across professional services firms.
Sumitra

Share
Published by
Sumitra
5 months ago

Recent Posts

India’s critical mineral push: Govt plans processing parks in 4 states

India is set to establish four specialized parks dedicated to critical mineral processing, targeting lithium…

22 hours ago

US wholesale inflation slows to 4.7% in July: What comes next for Fed, consumers

In July, wholesale prices in the United States exhibited a cooling trend, providing a much-needed…

22 hours ago

Food prices push up retail inflation to 4.45% in July

Food Inflation Rises To 5.52% From 5.32% A Month Ago

2 days ago

New RBI rules may end loan spread tinkering

To Standardise Rate Setting Across Banks, NBFCs

2 days ago

Equity MF inflows fall 15% in July as investors turn cautious, SIPs stay strong

3 days ago

Fitch retains India’s credit rating at BBB-, sees strong economy; warns of fiscal risks due to protests

The ratings agency said the Indian economy continues to demonstrate resilience despite the energy shock…

3 days ago