KPMG to Cut Hundreds of Jobs Over AI Restructuring: Reports
KPMG has laid off around 400 employees, or about 4% of its US advisory workforce, due to slowing demand in certain consulting segments. The firm continues to hire in areas like artificial intelligence, cybersecurity, and managed services.
KPMG has laid off around 400 employees, or about 4% of its US advisory workforce. The cuts mainly impacted teams in regulatory risk, customer operations, and financial services. The firm continues to hire in areas like artificial intelligence, cybersecurity, and managed services. This reflects a broader shift in the consulting industry. The layoffs are due to slowing demand in certain consulting segments.
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