It was stated that KPMG, an international auditing, tax and consultancy services company, will lay off 5 percent of its employees in the United States.
KPMG will lay off 5 percent of its employees in the United States, making it the second time this year.
In the news that the company stated in an e-mail sent to its personnel that “economic headwinds” caused additional cuts, it was emphasized that the 2 percent layoff in February was limited to the consultancy unit, but this round would affect all areas, including auditing.
Pointing out that approximately 1950 of KPMG’s 39,000 workforce in the USA will be affected by these cuts, the news said, “Even though our range of opportunities is strong and we continue to win in the market, economic headwinds that are not specific to our business or our company we live”.
Consulting firms in the US cut staff numbers this year after several years of over-hiring. Ernst & Young laid off 5 percent of its staff, while Deloitte laid off 1.5 percent of its employees. McKinsey, on the other hand, laid off 2,000 of its 45,000-strong workforce.