KPMG Australia is preparing to axe up to 400 staff by the end of November as fallout continues from its document misuse scandal and an extended ban on bidding for new federal contracts, lifting total redundancies to nine per cent of the firm’s workforce.
The cuts – dubbed “the reset” internally – will mainly hit the firm’s consulting and the internal-facing business services divisions. The consulting division, led by Brad Miller, suffered a revenue drop of at least a third since July.
Gift articles to anyone you choose each month when you subscribe.
