KPMG to lay off employees in its advisory division in America; confirming job cuts

KPMG has initiated layoffs impacting around 400 employees in its US Advisory division, a move stemming from a strategic restructuring due to shifting demand in consulting services. While regulatory risk, customer operations, and financial services are affected, growth areas like AI and strategy remain strong. This follows earlier workforce adjustments in the audit business.

By TOI TECH DESK