KPMG Australia's troubles deepen as it cuts 5% of its workforce

Bonanno has worked for KPMG for 10 years. Xavier GALIANA / AFP via Getty Images KPMG Australia plans to lay off hundreds of employees. Its consulting business has dropped 16.9% over the last year and the firm is facing a major scandal. KPMG's US branch laid off 400 employees earlier in 2026. KPMG Australia is laying off hundreds of staff amid a major whistleblower-led scandal and slowing demand for consulting. The Big Four firm plans to reduce its workforce by approximately 5%, KPMG Australia…