KPMG Freezes Pay and Cuts Bonuses Amid UK Slowdown
KPMG offices in Berlin, Germany.
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KPMG has frozen pay for thousands of its UK staff and cut bonuses despite stubbornly high inflation.
A spokesperson for the audit firm said that due to soft market demand, raises would be prioritized for staff who have been promoted. Workers eligible for a bonus will receive one that’s lower than in previous years.