KPMG To Lay Off 6% Deal Advisory Staff

According to Reuters, accounting giant KPMG plans to slash roughly 100 jobs in its deal advisory unit in the UK.

The layoffs will affect approximately 6 per cent of the 1,700-strong KPMG deal advising team in the UK. The decision was made due to decreased client demand.

The Financial Times was the first to report on employment layoffs at the deal advisory unit. The newspaper claimed in September that KPMG planned to lay off 2.3 per cent of its UK consultants, or 125 people.

In June, the accounting firm announced layoffs impacting 5 per cent of its US staff.

According to Reuters, Deloitte plans to slash more than 800 employees in the UK.