KPMG to cut 10 pc of US audit partners amid global AI-driven layoffs
KPMG plans to cut 10% of its US audit partners, joining a wave of global layoffs as companies adopt AI-driven operations. Nearly 100 partners are leaving the firm, with the cuts aimed at aligning partner numbers with the size of the audit business.
KPMG is cutting 10% of its US audit partners after an early retirement push fell short. The Big Four accounting firm has around 1,200 partners and managing directors in its audit and assurance division. Nearly 100 partners are leaving, some of whom volunteered to retire early. The cuts aim to align partner numbers with the size of the audit business. This move is part of a broader wave of global layoffs, with nearly 80,000 jobs cut in the first quarter of 2026 as companies shift towards AI-driven operations. Oracle and Amazon have also announced significant layoffs, with 30,000 and 16,000 job cuts respectively.
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