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KPMG Reportedly Cuts About 10% of Its US Audit Partners, Affecting Dozens
According to foreign media reports, KPMG, one of the Big Four accounting firms, is cutting about 10% of its US audit partners. Sources said KPMG announced the layoff plan at a meet...
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According to foreign media reports, KPMG, one of the Big Four accounting firms, is cutting about 10% of its US audit partners. Sources said KPMG announced the layoff plan at a meeting on Wednesday (22nd), telling attendees that action was necessary as the size of its partner ranks had become disproportionately large relative to business volume. In recent years, KPMG has sought to encourage more partners to retire early in order to enhance the firms productivity.

The report said KPMG declined to disclose the actual number of partners affected, but it is estimated that dozens will lose their jobs. According to KPMGs latest transparency report, its audit and assurance business has a total of 1,400 partners and managing directors, although the report did not separately disclose the number of partners alone. (fc/)

Related NewsUnemployment Rate for Apr in United States is 4.3%, unchanged from its last period. The forecast was 4.3%.

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