<ul><li>KPMG is reportedly cutting nearly 2% of its US workforce, becoming the first of the Big Four accounting firms to do so in the country, according to an internal announcement cited by the Financial Times.</li><li>Around 700 people will be affected by the cuts, which come amid a turbulent macroeconomic environment that has seen several financial firms, including major Wall Street banks, asset managers and fintechs, slash jobs in recent months.</li><li>KPMG said in an emailed statement to Reuters that the cuts were a result of prolonged uncertainty affecting certain parts of its Advisory business that had experienced outsized growth in recent years</li></ul>

KPMG 1st among big four accounting firms to reduce US staff

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