Key facts
- KPMG Australia denies reports of planned job cuts.
- A media report suggested KPMG Australia planned to eliminate approximately 1,000 positions.
- KPMG Australia is reviewing its operating model and cost base.
- Singtel is considering selling a stake in its Australian unit, Optus.
- The Australian Competition and Consumer Commission (ACCC) has initiated court proceedings against Optus.
- Optus is accused of alleged misleading conduct by the ACCC.
KPMG Australia has issued a denial regarding media reports that suggested the firm was planning to eliminate approximately 1,000 positions. The company stated that no decisions have been made concerning potential job cuts. Currently, KPMG Australia is undertaking a review of its operating model and its cost base. This review is ongoing and has not yet resulted in any definitive actions regarding staffing levels.