KPMG is laying off 5 percent of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday.
The firm had over 39,000 employees in the United States at the end of its last fiscal year on Sept. 30.
KPMG, which cut about 2 percent of its U.S. workforce in February as per a Financial Times report, was the first of the world’s four biggest accountancy firms to slash jobs in the country.
The latest round of job cuts would take place through the rest of its 2023 financial year, the firm said….