KPMG Australia cuts 387 jobs after whistleblower scandal rocks firm
KPMG is shedding 27 partners and 360 employees with revenue falling 1 per cent to $2.257 billion, following a scandal in which partners allegedly bent audit rules to win contracts.
Why it mattersThe job cuts show how scandal and economic pressure combine to reshape major professional firms. The redundancies affect thousands of workers during a weak economy.
AustraliaHundreds of Australian professionals lose jobs; clients of major firms face disruption as one of Australia's Big Four consultancies restructures.
Corroborated bythenightly.com.au
✓ Claims checked against the source. checked 1 h ago
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