KPMG Australia's troubles deepen as it cuts 5% of its workforce
KPMG Australia is cutting 5% of its workforce, including 360 employees and 27 partners, following a major whistleblower scandal and declining demand in its consulting division. The firm is currently under parliamentary investigation regarding the misuse of confidential client information.
Why it matters
The layoffs highlight the severe reputational and financial fallout facing major professional services firms when internal ethical breaches are exposed.
Bonanno has worked for KPMG for 10 years. Xavier GALIANA / AFP via Getty Images KPMG Australia plans to lay off hundreds of employees. Its consulting business has dropped 16.9% over the last year and the firm is facing a major scandal. KPMG's US branch laid off 400 employees earlier in 2026. KPMG Australia is laying off hundreds of staff amid a major whistleblower-led scandal and slowing demand for consulting. The Big Four firm plans to reduce its workforce by approximately 5%, KPMG Australia said in its annual earnings release on Monday. That includes 27 partners and 360 employees. Most of the affected roles will be in the consulting business, the company said. KPMG Australia employs roughly 10,000 people, including 600 partners, according to its website .
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