KPMG, one of the UK's leading accounting firms, has announced plans to cut more than 100 jobs in Scotland as part of a broader restructuring effort. The decision comes amid a challenging economic climate and reduced demand for consulting services.
Why is KPMG Downsizing?
The firm cited "economic pressures" and a slowdown in client demand as key reasons for the cuts. A spokesperson for KPMG stated that the move was necessary to "align our workforce with current market conditions."
Which Departments Are Affected?
While the exact breakdown remains unclear, insiders suggest that consulting and advisory roles are among the hardest hit. The firm has offices in Edinburgh and Glasgow, both of which are expected to see significant reductions.
Industry-Wide Trend
KPMG is not alone in making cuts. Other major consulting firms have also scaled back operations in recent months, reflecting broader challenges in the professional services sector.
What's Next for Affected Employees?
KPMG has pledged to support those impacted, offering redundancy packages and career transition services. However, the news has sparked concerns among employees about job security in an already volatile market.
