KPMG in Australia is reportedly planning significant layoffs, potentially affecting hundreds or even over a thousand employees. This move follows allegations that the firm misused client confidential information to secure business. In addition to job cuts, partner compensation may be reduced by up to 20%. The firm is awaiting the selection of a permanent CEO before announcing these measures, while senior management assesses the business impact of the scandal. AI
RANK_REASON The article discusses layoffs and compensation cuts at a professional services firm, which is not a core AI development or release.
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