KPMG Australia Axes 360 Employees and 27 Partners in Sweeping Restructure

KPMG Australia will cut 27 partners and about 360 employees, roughly 5% of its workforce, as revenue slips and the firm absorbs the fallout from allegations that it misused confidential client information. Chief Executive John Sams said most of the affected roles are in the consulting arm, where client demand has weakened. The firm will