KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook

KPMG Australia is set to cut around five percent of its workforce, a move triggered by a scandal involving breach of client confidentiality. The firm projects a challenging economic landscape lasting until 2028. Revenue has dipped by one percent, with a striking decline in consulting services. This restructuring is part of KPMG’s efforts to streamline operations while under government investigation.