KPMG Australia to cut hundreds of jobs, slash partner pay, AFR reports
KPMG Australia is cutting hundreds of jobs and slashing partner pay due to allegations of staff misusing confidential information to win contracts.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
July 14 (Reuters) - KPMG Australia is preparing to cut hundreds of jobs and slash partner pay by as much as a fifth as it grapples with allegations its staff misused confidential information to win contracts, the Australian Financial Review reported on Tuesday. KPMG has approximately 10,000 people in Australia, including more than 600 partners, and offices around the country, according to its website. The job cuts, which are yet to be finalised, could potentially exceed 1,000, AFR said, citing sources familiar with the matter. Join our investing challenges and compete for rewards while you learn!
Read the full report at Investing.com · Economy ↗
Why it matters
KPMG Australia is cutting hundreds of jobs and reducing partner pay. The company is investigating allegations of staff misuse. This could affect many employees.
- What's the story?
- KPMG Australia is cutting hundreds of jobs and slashing partner pay due to allegations of staff misusing confidential information to win contracts.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 15d ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
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KPMG Australia to cut hundreds of jobs, slash partner pay, AFR reports
Sources1TypeCoverageInvesting.com · Economy