Hundreds of jobs cut at KPMG as firm’s revenue falls by 1 per cent

KPMG has confirmed further job losses and a hit to its revenue as the fallout from the whistleblower scandal and a worsening economy hits the consulting giant

In an update on Monday, KPMG announced 27 partners and 360 employees would be made redundant.

Staff were informed by the job losses during an all-in call at 10.30am.

The fallout follows a whistleblower – a former audit director – alleged some partners at KPMG bent the rules to win lucrative contracts.

The firm’s chief executive Andrew Yates and former head of audit Julian McPherson both resigned in the aftermath of the scandal.

For the year ended June 30, 2026, KPMG Australia recorded total revenue of $2.257bn down 1 per cent on the previous period.

Originally published as Hundreds of jobs cut at KPMG as firm’s revenue falls by 1 per cent