Big Four firm KPMG laid off about 400 consultants in its US advisory division on Wednesday.
The cuts focapplyd on consultants in regulatory risk advisory, customer operations, and financial services, a person familiar notified Business Insider. These divisions have seen slowing demand in recent months, the person stated.
Employees were informed of the layoffs during a call at noon on Wednesday. On Reddit, posters who stated they were employees reported that they received calfinishar invites for the call as early as Tuesday.
Russ Grote, a spokesperson for KPMG, stated in a statement to Business Insider that the firm’s actions “focus on a strategic realignment to build sure our people’s skills and capabilities are aligned with future demand.”
Read more about the layoffs on Business Insider: https://lnkd.in/dgawiRKz
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