KPMG cutting 5% of its US workforce – By Joe Toppe (FOX Business) / June 26, 2023
Disney, Ford, Gap also announced layoffs in recent months
KPMG will reportedly shed 5% of its U.S. employees amid economic headwinds and historically low attrition, a spokesperson for the accounting firm said on Monday.
At the end of its last fiscal year on Sept. 30, the company employed more than 39,000 employees around the U.S.
“We do not take this decision lightly. However, we believe it is in the best long-term interest of our firm and will position us for continued success into the future,” KPMG said in an emailed statement.
KPMG is part of a series of companies making staff reductions ahead of a potential economic downturn later in 2023.
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