KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist
- Posted on August 24, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
KPMG Australia implements significant workforce restructuring, reducing headcount by 5% across its organization. The restructuring impacts 27 partners and approximately 360 staff members, primarily within consulting and business services divisions. This decision follows a challenging financial year marked by declining government consulting revenues and a 1% decrease in annual turnover to A$2.257 billion. Leadership attributes the contraction to weakening economic conditions, projecting subdued growth trajectories throughout the Australian economy extending to 2028.
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KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist
KPMG Australia plans to cut about 5% of its workforce, affecting 27 partners and around 360 employees, mainly in consulting and business services. The firm reported a 1% decline in annual revenue to A$2.257 billion as government consulting demand weakened, while warning subdued economic growth could persist until 2028.
