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

Published Aug 25, 04:26 AM UTC

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KPMG Australia announced it will cut nearly 400 jobs following a 17% decline in consulting revenue, partly due to the loss of government contracts. The firm acknowledged its 'own failings' amid ongoing fallout from past scandals. The job cuts reflect a difficult market environment and the company's struggle to regain trust and business from public sector clients. The announcement was made on August 24, 2026, and highlights the broader challenges facing the consulting industry in Australia.

Source

The Business TimesRegional

Original headline: ‘Our own failings’: 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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