KPMG UK has announced it is to reduce its
workforce by 3% – an estimated 350 employees according to
IAB data – in the coming weeks, in an attempt to
adapt to market conditions and ensure business efficiency.

The UK’s third biggest firm said the decision
was a necessary measure in a programme of changes designed to
“actively manage its cost base”.

“As a result, a number of business units
within KPMG are now carrying out reviews of their structures and
headcount numbers. It is likely that we will need to make a number
of roles redundant over the coming weeks,” KPMG said.

The firm said the redundancy situation was

“KPMG will make every effort to redeploy
individuals within the firm whose roles are ‘at risk’,” KPMG