KPMG to cut 10% of its audit partners in US to streamline operations as voluntary retirement plan fails
New Delhi, April 24 -- After year-long efforts to push partners to voluntarily retire early did not bring enough exits, KPMG has announced to cut roughly 10% of its audit partners in the US, The Wall Street Journal reported.
While the firm did not disclose the exact number of people affected, approximately 100 partners will be exiting the firm according to news reports. Some of them had agreed to leave through voluntary early retirement, while others are part of the latest cuts.
KPMG is one of the Big Four accounting firms, alongside Deloitte, PwC and EY. Its audit division employs around 1,400 partners and managing directors, based on the company's January audit-quality report. According to The Wall Street Journal, managing directors a...
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