Back to News
KPMG
MODERATEAI LAYOFF

KPMG: 330 jobs cut

November 1, 2024USProfessional ServicesKPMG

KPMG announced plans to lay off approximately 330 employees, representing nearly 4% of its US audit workforce of about 9,000 professionals, as AI automates audit functions. The connection to AI is moderate — while the company is investing in AI capabilities, the layoffs were attributed to broader restructuring alongside technology adoption. Of the 330 total positions affected, our methodology estimates that approximately 132 roles (40%) are attributable to AI-driven changes. This is part of a broader pattern in Professional Services where companies are restructuring operations around AI capabilities while reducing headcount in functions susceptible to automation.

Conservative

0

Core Estimate

132

Upper Bound

231

Sources

PrimaryNCS CorpNovember 1, 2024

KPMG cuts 330 US audit staff as AI automates audit processes

KPMG announced plans to lay off approximately 330 employees, representing nearly 4% of its US audit workforce of about 9,000 professionals, as AI automates audit functions.

Read Original
accountingtoday.comOctober 15, 2025

KPMG cuts 195 U.S. audit staff | Accounting Today

KPMG cuts 195 U.S. audit staff | Accounting Today - Research - Firm Growth Forum - Artificial Intelligence - IRS - Tax Regulations - M&A - Firm Growth Center Audit # KPMG cuts 195 U.S. audit staff By Matthew Boyle October 15, 2025, 3:34 p.m. EDT 2 Min Read - Email - LinkedIn - Twitter - Facebook Milan Jaros/Bloomberg KPMG has cut 195 people from its U.S. audit business to counter low employee turnover rates and changes in how it conducts its core business. Processing Content Employees l

Read Original