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KPMG to cut 10 percent of US audit partners after early retirements fail
Business
Published on 24 April 2026
More than 100 partners face layoffs after retirements fizzled
KPMG says it will cut about 10% of its US audit partners, impacting over 100 people, after a multi-year push to encourage early retirements saw weak uptake. The firm insists the decision is not tied to performance reviews and says layoffs aim to align partner numbers with the current size of its audit business. Packages and job-search support will be offered.
- KPMG plans to lay off about 10% of US audit partners
- Over 100 partners are expected to be affected by the cuts
- Weak early-retirement uptake triggered the partner reductions
- The firm says layoffs are separate from performance reviews
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This summarization was done by Beige for a story published on 
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