KPMG Australia Prepares to Cut Hundreds of Staff and Reduce Partner Pay by Up to 20% Amid Scandal

According to the Australian Financial Review, KPMG Australia is preparing to cut hundreds of staff and reduce partner compensation by up to 20%, amid an ongoing scandal over the alleged misuse of client confidential information to win business. The layoffs could potentially affect over 1,000 employees across the firm. KPMG is currently reviewing various strategic options, including operational restructuring and cost assessments, to ensure the company can sustain future challenges.
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