KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist

KPMG Australia is planning to reduce its workforce by 5%, which equates to nearly 400 jobs. The firm attributes these cuts to soft market conditions and a difficult economic environment that it warns will persist. This decision comes as the organization continues to navigate the aftermath of a significant scandal. The company expects these challenging conditions to remain a factor in its operational strategy as it manages its current staffing levels and market position.