KPMG to fire 5% US employees after historically low attrition rate

KPMG, which is one of the world's four biggest accounting firms, is laying off 5% of its employees in the US after feeling the pinch of "economic headwinds coupled with historically low attrition". The latest round of job cuts, which follows the reported layoff of about 2% of KPMG's US staff in February, will take place through rest of FY23.