![\"KPMG](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/KPMG.jpg\")
\t\t\t<\/p>\n\t\t\tFriday 24 April 2026 1:40 pm
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tFriday 24 April 2026 3:54 pm\n\t<\/p>\n
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On the back of KPMG taking the shears to its partners\u2019 headcount in the UK, around 140 audit partners across the Atlantic are now set to lose their jobs.<\/p>\n
The Big Four firm is set to cut about 10 per cent of its 1,400 US audit partners to reduce its bloated headcount.<\/p>\n
The move comes after its sister arm in the UK<\/a> conducted another redundancy round last month, cutting around 600 jobs.<\/p>\n The UK arm axed about 440 \u2018assistant manager\u2019 roles in the firm\u2019s audit business, along with around 120 roles in its advisory arm. This followed its advisory business seeing a 3 per cent decrease in fees over the last financial year. <\/p>\n The latest headcount cut in the US, first reported by the FT, was credited to \u201ca multiyear strategy to align the size, shape and skills of our team to the power of our audit platform to best serve our clients and protect the capital markets.\u201d<\/p>\n \t\tEquity headcount problem <\/p>\n In addition to cuts last month in the UK, KPMG has also begun demoting UK<\/a> senior equity partners, members who hold a stake in the firm and share its profits, and instead offering them lower-status salaried partner roles.<\/p>\n Equity partners at KPMG UK, the smallest of the Big Four, bring home an average of \u00a3800,000 each year. <\/p>\n However, those partners have reportedly been inviting them to \u201ccareer conversations\u201d as a strategic move to slash the equity partner headcount.<\/p>\n