economy
May 1, 2026
KPMG lays off 4% of its advisory team over slowing demand
KPMG cuts 400 consultants in the US advisory division due to slowing demand and low attrition.
TL;DR
- KPMG cut about 400 consultants from its US advisory division.
- The layoffs were concentrated in regulatory risk advisory, customer operations, and financial services due to slowing demand.
- KPMG is continuing to hire in key growth areas like AI transformation, cybersecurity, and managed services.
- The firm aims to align its workforce skills with future market demand.
- Lower-than-expected employee attrition rates contributed to the decision.