KPMG begins talks on staff cuts following whistleblower scandal

KPMG CEO John Sams has confirmed that the firm has begun discussions with senior partners regarding upcoming staff reductions. The move is part of a workforce and cost-base review intended to ensure the firm remains sustainable following a whistleblower scandal.

The scandal involved allegations that confidential customer information was used to secure new audit business. While specific roles have not yet been finalized, internal sources suggest the firm may cut as many as 1,000 staff members, though some reports indicate a lower estimate of approximately 500 cuts. Sams stated that further updates regarding these decisions are expected next week.