KPMG Australia to cut nearly 400 jobs as consulting revenue drops 17%

Published Aug 24, 03:28 AM UTC

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KPMG Australia announced it will cut nearly 400 jobs, citing a 17% decline in consulting revenue partly due to the loss of government contracts. The job cuts come amid ongoing fallout from whistleblower allegations that surfaced in March 2026, which have damaged the firm's reputation and client relationships. The company warned of a difficult market ahead, reflecting broader challenges in the consulting sector. The reductions are expected to affect multiple divisions as the firm restructures to adapt to lower demand and increased scrutiny. The scandal and revenue drop highlight the impact of ethical lapses on business performance and government contracting.

Source

The Business TimesRegional

Original headline: Scandal-hit KPMG Australia to cut nearly 400 jobs, warns of difficult market

Original language: EN-US

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KPMG Australia cuts 400 jobs and seeks parent support after scandal

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Australia