**KPMG to Reduce US Audit Workforce by Less Than 4% Amid Market Adjustments**

KPMG is set to reduce its audit workforce in the United States by less than 4%, which translates to approximately 330 employees, according to information from an insider. This decision comes as part of the company's strategy to better align its workforce with current market demands and address persistently low attrition rates.

A KPMG spokesperson explained the move in an emailed statement, noting the ongoing efforts to size, shape, and skill the workforce to fit market conditions. The accounting giant operates in over 143 countries and territories and employs more than 273,000 partners and staff globally.

This isn't the first time KPMG has resorted to workforce reductions. In October 2023, the firm planned to cut around 100 jobs within its deal advisory business in the UK. Additionally, back in June of the previous year, KPMG announced a 5% reduction in its U.S. workforce. This was attributed to economic challenges and historically low attrition rates, according to a company spokesperson at that time.