https://www.live-feeds.com/feed/kpmg-australia-cuts-hundreds-of-workers-and-partner-pay-after-audit-scandalContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kpmg-australia-cuts-hundreds-of-workers-and-partner-pay-after-audit-scandalhttps://www.live-feeds.com/feed/kpmg-australia-cuts-hundreds-of-workers-and-partner-pay-after-audit-scandal#u48978Wed, 26 Aug 2026 08:35:09 +0000KPMG Australia is laying off 387 employees, representing 5% of its workforce, including partners. The firm is also reducing partner pay as it manages the fallout from an audit leaks scandal and a federal misconduct inquiry. These cuts follow a collapse in consulting revenue and a ban from federal government contracts. Leadership warns of a difficult market and weak demand for consulting services as the organization attempts to stabilize under new CEO John Sams.Why it mattersThe firm is under scrutiny for the alleged misuse of confidential client information. This crisis has led to a significan