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KPMG Australia cuts 5% of workforce following revenue decline and scandal

The accounting firm is laying off 387 personnel as its consulting revenue falls 16.9% amid an inquiry into confidential client data misuse.

Updated Aug 24, 2026 · 12:23 UTC1 reports

The short version

  • KPMG Australia is eliminating approximately 5% of its workforce, comprising 27 partners and 360 employees.
  • The layoffs primarily target the firm's consulting division, which experienced a 16.9% revenue drop over the past financial year.
  • The firm attributed the decision to economic weakness, market conditions, and operational challenges stemming from an ongoing whistleblower scandal.
  • A parliamentary inquiry continues to investigate allegations that KPMG staff misused confidential client information to secure audit contracts.

Key facts

  • KPMG Australia announced plans to cut 27 partners and 360 staff members, representing about 5% of its workforce.[Business Insider]
  • The firm's advisory business revenue fell 16.9% over the financial year ending June 30, contributing to a 1% decline in overall annual revenue.[Business Insider]
  • KPMG Australia's CEO, chairman, and audit head previously resigned after whistleblower allegations emerged that staff misused confidential client data to bid for audit contracts.[Business Insider]
  • John Sams took over as CEO of KPMG Australia in late July and stated he expects subdued economic growth until at least 2028.[Business Insider]

What remains uncertain

  • The full scope of misconduct remains undetermined as an ongoing Australian parliamentary inquiry receives additional whistleblower contact regarding potential repeated behavior.[Business Insider]

Sources