KPMG tech and data boss tells staff facing the boot he's getting promoted
Paul Henninger shares news of his move up via email as around 200 colleagues prepare for redundancy
KPMG, the UK's leading professional services firm, experienced organizational changes recently, including staff redundancies and a promotion for Paul Henninger, head of technology and data. Despite the redundancy announcements, Henninger shared some good news with his team - he will be promoted to the new role of group head of consulting. This role entails leading the Consulting practice and accelerating AI-enabled capabilities while developing specialized sales, technical, and delivery career pathways.
During this transition, Henninger will hand over his current duties and assist the team in preparing for the changes. He acknowledged the difficult time many colleagues were facing, recognizing the impact of uncertainty on individuals and teams. To maintain continuity, an interim boss will lead the Tech and Data unit, reporting directly to Henninger.
Although there were no changes to reporting lines or business priorities, 4 percent of the division's staff were selected for redundancy, amounting to around 200 people. The redundancies occurred before Christmas, coupled with the withholding of bonuses and an offer of only £100 to waive legal rights. This move has been criticized for its tone-deaf approach to vulnerable employees.
KPMG reported a 2 percent year-on-year increase in revenue to £3.6 billion and a 14 percent increase in profit before tax to £576 million for 2025. Despite the challenging market, the company continued to invest in its people by promoting talent, increasing colleague bonuses by 18 percent, and enhancing the learning offer. Henninger emphasized that KPMG's focus on innovation and AI is crucial to meet evolving client demands.
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