KPMG Trims US Audit Staff by 4% to Counter Low Turnover Rate
This article is for subscribers only.
KPMG LLP said Monday that it has cut roughly 330 people from its US audit business to combat near historic low employee turnover rates.
Employees learned last week of the layoffs that affect less than 4% of the firm’s audit workforce of nearly 9,000 people, a source familiar with the firm’s strategy said.