KPMG UK has proposed multiple rounds of staff reductions across advisory, audit, and corporate services divisions. If your role has been placed at risk of redundancy, it is important to understand the consultation process, your statutory employment rights, and the terms of any exit package offered.
What has been announced
- In March 2026, it was reported that KPMG was cutting up to 440 jobs across its UK audit practice due to overstaffing caused by declining attrition rates.
- In July 2026, reports indicated that KPMG UK planned to cut approximately 200 back office and corporate services roles as integration with its Swiss arm progressed.
- In September 2026, reports stated that KPMG planned to cut around 200 jobs across its UK advisory business amid ongoing market pressures.
About the company
KPMG operates within the professional services sector, providing audit, advisory, and tax services across the UK.
Recent business activities include restructuring across major service lines and advancing operational integration between its UK and Swiss operations.
What happens next
Under England and Wales employment law, employers planning 100 or more redundancies at a single establishment must carry out collective consultation lasting at least 45 days before dismissals take effect.
Where an employer proposes between 20 and 99 redundancies, the minimum collective consultation period is 30 days.
Collective consultation involves elected employee representatives or recognised trade union representatives to discuss options for avoiding dismissals, minimising numbers, and mitigating impact.
Individual consultation meetings will also take place to discuss your specific role, selection criteria, scoring, and any available alternative employment.
Voluntary or compulsory redundancy
Employers often invite applications for voluntary redundancy to minimise the need for compulsory terminations, though acceptance remains at management discretion.
Where compulsory redundancies occur, the employer must apply objective and non-discriminatory selection criteria across clearly defined selection pools.
Employees with at least two years of continuous service are entitled to statutory redundancy pay, calculated using their age, length of service, and weekly pay up to the statutory cap.
Employers may also offer enhanced redundancy terms that exceed statutory minimums, either under an employment contract, workplace policy, or discretionary scheme.
Your settlement agreement
KPMG may offer exiting staff a settlement agreement, particularly if offering an enhanced severance package.
A settlement agreement is a legally binding contract under which you waive the right to bring employment tribunal claims in exchange for agreed financial and non-financial terms.
To make the agreement legally binding in England and Wales, you must receive advice from an independent legal adviser, such as a qualified solicitor.
Employers standardly provide a financial contribution to cover the cost of the employee's independent legal advice.
Common questions
How many job cuts have been reported at KPMG UK?
Reports have detailed plans to cut up to 440 roles in audit, approximately 200 roles in corporate services and back office, and around 200 roles in the advisory business.
What reasons were cited for the redundancies?
Reported reasons include falling attrition rates creating overstaffing in audit, integration with the Swiss arm affecting corporate services, and ongoing market pressures in advisory.
How long must redundancy consultation last?
By law, collective consultation must last at least 45 days where 100 or more redundancies are proposed, and at least 30 days where 20 to 99 redundancies are proposed.
Do I need independent legal advice for a settlement agreement?
Yes. For a settlement agreement to be legally valid in England and Wales, you must receive independent advice from a relevant legal adviser, and employers typically cover this cost.
How Deen & Co helps
Deen & Co Solicitors provides clear, independent advice to employees facing redundancy. We advise on consultation procedures, review and negotiate settlement agreements, explain restrictive covenants, and ensure that your statutory and contractual entitlements are fully protected.
Read more about settlement agreement advice or work out your statutory redundancy pay.
If your role is in London, our settlement agreement solicitors London can review the package before you sign.
Sources
- KPMG to cut 200 jobs from its UK advisory business — Personnel Today (17 September 2026)
- KPMG plans to cut 200 advisory jobs in UK – report - International Accounting Bulletin — International Accounting Bulletin (16 September 2026)
- KPMG to cut another 200 jobs in UK advisory business - Financial Times — Financial Times (15 September 2026)
- KPMG's UK restructuring puts 200 jobs at risk - hrme.economictimes.indiatimes.com — hrme.economictimes.indiatimes.com (14 July 2026)
- KPMG proposes 200 job cuts in UK corporate services amid integration with Swiss arm - HR Katha — HR Katha (13 July 2026)
- KPMG to cut around 200 jobs in UK group corporate services – report - International Accounting Bulletin — International Accounting Bulletin (10 July 2026)
- KPMG plans 200 job cuts in corporate services as UK-Switzerland integration advances - hrme.economictimes.indiatimes.com — hrme.economictimes.indiatimes.com (10 July 2026)
- KPMG UK to Slash 200 Back Office Roles in Latest Round of Cuts - Bloomberg.com — Bloomberg.com (9 July 2026)
- KPMG to Cut Up to 440 UK Audit Jobs as Falling Attrition Creates Overstaffing - Analytics Insight — Analytics Insight (28 March 2026)
- KPMG to Cut Hundreds of Jobs in UK Audit Division Amid Restructuring - Global Banking & Finance Review — Global Banking & Finance Review (27 March 2026)
Last updated 17 September 2026. This page summarises publicly reported information and is general guidance, not legal advice on your own situation.
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