KPMG UK plans to cut 200 tech and cyber roles

KPMG UK is preparing for another round of job cuts, with approximately 200 roles slated for elimination within its corporate services division. This move follows earlier significant workforce reductions at the firm, which has already cut more than 500 jobs this year. The latest proposals are part of a broader strategy to streamline operations after the integration of its UK and Swiss businesses, which officially took effect on October 1, 2024. The reductions are intended to avoid duplication, maximize technology investments, and expand offshore delivery capabilities. The affected functions include technology, cyber, HR, corporate affairs, marketing, and procurement, representing about 10% of the group corporate services workforce. Earlier in the year, KPMG eliminated 440 assistant manager positions in its audit business and 120 roles in its advisory division, citing lower attrition and evolving market conditions. These actions by KPMG are occurring amidst similar workforce reductions at other Big Four firms like PwC and Deloitte, reflecting ongoing pressure on professional services firms to adapt to softer demand in certain areas while increasing investment in technology and efficiency.