Arabic version: كي بي إم جي أستراليا تعتزم إلغاء نحو 400 وظيفة

According to ABC News, KPMG Australia will cut 27 partners and about 360 staff as it restructures following lower revenue and lost contracts linked to an audit leaks scandal. The reductions represent 5 per cent of the firm’s workforce and will primarily affect its consulting business.

KPMG Australia’s revenue fell from $2.28 billion in the previous year to $2.26 billion in the 2026 financial year. Chief executive John Sams said the firm expected further revenue declines, citing continued economic weakness, difficult market conditions and the impact of its conduct and whistleblower matters.

The firm has struggled to retain most ongoing government contracts after allegations that KPMG audit partners misused client data and mishandled a whistleblower complaint. In March, Labor senator Deborah O’Neill told parliament of allegations that confidential Lendlease board papers were used to support audit tender bids for Westpac and Dexus.

KPMG will combine its mid-market and private deals team with deal advisory and infrastructure, while its advisory team will join consulting. It will also begin consultation on a small number of award-based roles. Sams said internal and external reviews into the whistleblower allegations would be completed in coming months and could shape further action.

Although consulting weakened, four of KPMG’s five divisions recorded revenue growth, led by audit and assurance, up 11 per cent, and tax and legal, up 10.9 per cent. Sams said the firm expected difficult conditions to continue in FY27 and beyond, with subdued economic growth, lower government consulting spending and changing client expectations.