{"id":646668,"date":"2026-10-06T17:20:16","date_gmt":"2026-10-06T17:20:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/646668\/"},"modified":"2026-10-06T17:20:16","modified_gmt":"2026-10-06T17:20:16","slug":"kpmg-tells-staff-facing-the-axe-heres-100-now-zip-it","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/646668\/","title":{"rendered":"KPMG tells staff facing the axe: Here’s \u00a3100, now zip it"},"content":{"rendered":"

<\/p>\n

\n channel\n <\/p>\n

<\/a><\/p>\n

\n EXCLUSIVE\n <\/p>\n

\n Staff in AI, Cyber, SAP and Testing told the consultation is over, with notices due Friday\n <\/p>\n

KPMG has offered staff facing redundancy \u00a3100 to waive their legal rights to appeal or to bring claims over the loss of their job, according to sources.\u00a0\u00a0<\/p>\n

As The Register revealed last month, the consultancy is laying off around 4 percent of the workforce in the UK, equating to some 200 humans being forced to look for new employment in an uncertain job market before Christmas.\u00a0<\/p>\n

Staff within the AI, Cyber, SAP, and Testing teams are at the sharp end of the corporate job cutting exercise.\u00a0<\/p>\n

On October 1, those at risk were told the consultation process is over and KPMG will inform them of their fate by email on October 9.\u00a0<\/p>\n

In a message to staff, seen by The Register, KPMG said:<\/p>\n

\u201cThe collective consultation process has now formally concluded. The firm’s original proposal remains unchanged. Employees will be notified on Friday 9th of October 11-11:30am by email if they have been selected for redundancy.\u201d<\/p>\n

In addition to exit terms that some at KPMG previously described to us as insulting<\/a>, The Reg understands the consultancy is offering \u00a3100\u00a0in exchange for employees’ existing contractual confidentiality and other post-termination obligations. Some staff see it as a gag order.<\/p>\n

\u201cThe firm’s original proposal remains unchanged,\u201d one insider claimed, \u201coffering marginally above statutory terms alongside a nominal \u00a3100 consideration for employees to waive their legal rights to appeal or bring claims.<\/p>\n

\u201cThe prevailing consensus among staff [is that] this approach is arrogant and disgraceful, particularly given the decision to dismiss personnel right before the holidays while withholding their earned annual bonuses,\u201d the source added.\u00a0<\/p>\n

Annual bonuses are\u00a0discretionary, performance-based, and typically paid in January.\u00a0KPMG has not communicated with staff on bonuses for 2026 but we understand anyone under notice (given or received) is not eligible for a payout.\u00a0<\/p>\n

KPMG refused to answer questions The Reg asked about the \u00a3100 payment or the bonus situation. Instead, a spokesperson re-sent its earlier statement:<\/p>\n

\u201cAs our market evolves, we are adapting where we are focusing and how we are set up to make sure we have the right skills in place to best serve our clients. To respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process.\u201d\u00a0<\/p>\n

The latest job cuts come six months after KPMG expunged 600 roles across the UK org chart, and is indicative of the financial pressures facing the big four accountancy and consultancy giants.\u00a0<\/p>\n

PwC UK is merging two of its advisory businesses in response to the disruption caused by AI.\u00a0\u00ae<\/p>\n","protected":false},"excerpt":{"rendered":"channel EXCLUSIVE Staff in AI, Cyber, SAP and Testing told the consultation is over, with notices due Friday…\n","protected":false},"author":2,"featured_media":646669,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,61,60,80],"class_list":["post-646668","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ie","tag-ireland","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/646668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=646668"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/646668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/646669"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=646668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=646668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=646668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}