KPMG and Deloitte Offer Enhanced Redundancy Packages to Cut UK Headcount
City AM reports that KPMG and Deloitte, along with PwC, are offering UK staff significantly enhanced redundancy packages to reduce headcount amid a slowdown in the sector's traditional attrition model. With fewer staff leaving voluntarily due to a tight jobs market, the firms have been forced to lay off around 600 audit middle-tier jobs this year. KPMG is offering a minimum of eight weeks' basic salary, waiving the two-year employment requirement for statutory redundancy pay and removing the £751 weekly cap, calculating payouts based on actual salary. Deloitte has offered a voluntary redundancy package including eight months of full pay. Some KPMG staff expressed dissatisfaction that junior and senior long-serving employees received similar packages. The enhanced terms are typically offered in exchange for employees signing settlement agreements waiving potential claims.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection