"KPMG has cut around 400 US consultants amid a slowdown in demand across key sectors, indicating a strategic response to market conditions while maintaining a focus on future growth."
"Despite workforce reductions, KPMG has experienced lower than expected employee attrition rates, suggesting a stable internal environment even amidst external challenges."
"The firm is prioritizing hiring for AI transformation, specifically targeting engineers, to enhance its capabilities and adapt to the evolving landscape of consulting services."
KPMG has reduced its workforce by approximately 400 consultants in the US as a response to decreasing demand in key sectors. Despite this reduction, employee attrition rates have remained lower than anticipated. The firm is actively hiring for roles related to AI transformation, particularly focusing on engineers to support its strategic initiatives in artificial intelligence.
Read at Business Insider
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