The dismantling of KPMG is about to begin
KPMG Australia is facing significant restructuring and potential job cuts following a major whistleblower scandal involving the misuse of client data. The firm is evaluating options, including the potential sale of business units, to stabilize its operations.
Why it matters
The potential collapse or downsizing of a 'Big Four' accounting firm has major implications for corporate governance and the professional services industry.
— 10:35am , first published August 3, 2026 — 5:00am
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Share A A A Any day now the dismemberment of the global accounting/consulting giant KPMG starts in earnest with massive job cuts expected from its Australian business. But this will only be the beginning of changes that could leave the firm a shadow of its current form.
While all the focus has been on the jobs carnage about to be inflicted on its 10,000-strong workforce in the wake of the whistleblower scandal – around 1000 are expected to lose their jobs as its work orders evaporate – it is not the only major surgery on the slate.
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