Miner Company
KPMG cuts US audit partners by 10% in push to boost productivity
KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements. The move was disclosed during a meeting on Wednesday, where attendees were told the size of the audit partnership had become misaligned with the firm's business needs, according to people familiar with the matter.
KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements. The move was disclosed during a meeting on Wednesday, where attendees were told the size of the audit partnership had become misaligned with the firm's business needs, according to people familiar with the matter.