KPMG tech cuts come with a severance sum some staff call insulting
AI, Cyber, SAP and Testing teams caught in latest reshaping of Big Four consultancy's Advisory arm
KPMG UK is downsizing its Tech and Data teams within the Advisory division, laying off around 4 percent of staff. The cuts affect teams specializing in AI, Cybersecurity, SAP, and Testing, with employees set to depart next month. The severance package includes statutory redundancy pay, enhanced payments, and safeguards against statutory caps.
However, affected staff describe the severance as "insulting" and "disgraceful." KPMG's decision to reduce staff aligns with its efforts to adapt to market changes and strengthen its skillset to better serve clients. The consulting sector has faced declining demand, resulting in KPMG's revenue shrinking by 9 percent between fiscal years 2024 and 2025.
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