KPMG to cut 200 jobs in United Kingdom

KPMG said it will cut as many as 200 jobs from its U.K. workforce as it became the latest professional services firm to see a slump in demand following the coronavirus pandemic, reported Bloomberg. 

The company is planning to cut fewer than 100 roles from its consulting business and a similar number from back-office support staff in departments like HR, according to a statement Wednesday. It’s the second major consulting firm to cull jobs this month after Accenture said it would cut around 8% of staff in the U.K. 

For the company areas such as cybersecurity were in high demand, it was a different story in other consulting roles. The firm said it was also considering temporary changes to pension contributions that would affect about 20% of its staff. 

“We are operating in highly volatile times and are proposing a series of actions to safeguard our business in the medium and long term,” the firm said.