KPMG to axe nearly 200 jobs due to impact of Covid-19 pandemic

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Big four accountancy firm KPMG has revealed it is to axe nearly 200 UK jobs due to the impact of the Covid-19 pandemic.

The company told staff on Wednesday the roles will be cut from its consulting business and its business services function.

A statement from the firm said: “Due to changing demand from our clients as a result of the Covid-19 pandemic, we have announced proposals to make fewer than 100 positions in our consulting business redundant.

“Our consulting practice employs more than 3,000 people and is continuing to see high demand for a range of core services such as digital transformation, supply chain management and cyber security.”

The statement also said last year, the firm began a programme of work that analysed “every aspect” of the firm’s internal business services function in attempt to find efficiencies.

The statement continued: “That work was undertaken with our long-term sustainability in mind, but it has also proved integral to the resilience our firm has shown in the last few months.

 

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” As a result of the Covid-19 pandemic, we have however seen a change in demand for some areas of our internal support provision and as a result we are proposing to make fewer than 100 roles within our business services function redundant.”

As well as that, the firm, which has offices across the UK, also said it is proposing “temporary change” to its employer pensions contributions.

It said it was one of a “series of actions to safeguard the business” – but that no final decision had yet been made.


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