KPMG Australia announces hundreds of job cuts following a decline in revenue in its main consulting business, citing ongoing fallout from an audit and whistleblower scandal. Multiple reports say the firm plans to reduce staff by more than 350 roles, with one outlet describing cuts nearing 400 jobs.
According to coverage, the revenue downturn is linked to weaker performance in government-related work and a fall in consulting activity. One report adds specific financial figures, saying total revenue drops 1% to about US$1.62 billion in the year to June 2026, and that consulting revenue falls 17% as some government contracts are lost.
Outlets broadly agree on the scale of the job losses and the connection to post-scandal pressure on contracts and consulting results. Differences are mainly in emphasis: some focus on the number of positions affected, while at least one highlights the detailed breakdown of revenue and the size of the consulting slump.
