KPMG to Cut 5 Percent of US Jobs in Fresh Round of Layoffs

KPMG to Cut 5 Percent of US Jobs in Fresh Round of Layoffs
The KPMG logo at the company's head offices in Parktown, Johannesburg, on Sept. 15, 2017. Siphiwe Sibeko/Reuters
Reuters
Updated:

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.