KPMG is bracing for major layoffs as CEO John Sams confirms senior partners are already on the chopping block, part of a sweeping workforce reduction expected next week—directly tied to the fallout from a whistleblower scandal involving the misuse of client data. Sams sent an internal memo outlining cost-cutting measures and hinted at more details coming soon, while rumors swirl around potential cuts affecting up to 1,000 employees, though some sources suggest closer to 500. Amid mounting uncertainty and employee anxiety, Sams apologized for the speculation but assured everyone an official update is imminent next week.
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