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Economic Development

KPMG to axe nearly 200 jobs due to impact of Covid-19 pandemic

The move will affect staff in the consulting business, and the business services function

KPMG has announced it is to cut nearly 200 jobs(Image: Getty Images Europe)

Big four accountancy firm KPMG has revealed it is to axe nearly 200 海角视频 jobs due to the impact of the Covid-19 pandemic.

The company told staff on Wednesday the roles will be cut from its consulting business and its business services function.

A statement from the firm said: “Due to changing demand from our clients as a result of the Covid-19 pandemic, we have announced proposals to make fewer than 100 positions in our consulting business redundant.

"Our consulting practice employs more than 3,000 people and is continuing to see high demand for a range of core services such as digital transformation, supply chain management and cyber security."

The statement also said last year, the firm began a programme of work that analysed "every aspect" of the firm's internal business services function in attempt to find efficiencies.

The statement continued: "That work was undertaken with our long-term sustainability in mind, but it has also proved integral to the resilience our firm has shown in the last few months.

" As a result of the Covid-19 pandemic, we have however seen a change in demand for some areas of our internal support provision and as a result we are proposing to make fewer than 100 roles within our business services function redundant.”