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KPMG is one of the Big Four accounting firms, alongside Deloitte, PwC and EY.
KPMG will cut about 10% of its US audit partners, affecting roughly 100 individuals.
KEY POINTS
- Managing directors in KPMG's audit division are not included in the current layoffs.
- The cuts aim to streamline audit operations, not to address individual performance issues.
- Despite layoffs, KPMG claims its US audit business is still growing.
COMPANIES
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