KPMG UK to Cut Hundreds of Administrative Staff

Big 4 firm KPMG plans to cut costs in the U.K. by eliminating about a third of its 630 administrative assistants, the Financial Times reported.

“We are not taking these steps lightly, but we believe the proposed structure will enable us to deliver the best possible experience for our clients,” a KMPG spokesperson said. “We are now in the process of consulting with affected staff on the plans.” She added the restructuring was part of an 18-month plan to invest in the firm’s audit business and change its governance structure.

The newspaper says personal assistants are looking for work, and partners are beginning to file their own expenses. As part of the restructuring, KPMG will reportedly create 24 new support roles in Birmingham, England.

The Financial Times says KPMG has been battling to restore its reputation after its audit work for collapsed outsourcer Carillion has come under fire.

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