KPMG: 450 jobs cut
KPMG is set to cut 450 staff and several partners as part of its cost-cutting initiative known as Project Vector. The decision comes amid a financial crisis linked to a document misuse scandal affecting revenues. The layoffs are part of a broader strategy to stabilize the firm's financial situation.
Conservative
0
Core Estimate
68
Upper Bound
158
Sources
KPMG Project Vector: Firm to cut 450 staff and dozens of partners as cost-cutting plan begins
KPMG Project Vector: Firm to cut 450 staff and dozens of partners as cost-cutting plan begins # KPMG prepares to unleash Project Vector, slashing staff and costs Edmund Tadros Professional services editor Aug 20, 2026 – 2.15pm KPMG’s board is preparing to sign off on the first stage of a cost-cutting plan known as Project Vector next week, with the accounting and consulting firm in discussions about a financial lifeline from its global parent as an ongoing document misuse scandal hits revenu