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The Register reports that KPMG is proposing to cut around 200 jobs in some UK advisory client-facing teams and that affected staff were told they would learn by email on 9 October 2026 if they had been selected. The same report says the firm was offering £100 in connection with existing confidentiality and other post-termination obligations; an insider characterized the offer as involving a waiver of appeal or claim rights. KPMG did not answer the outlet’s questions about the payment. The report does not establish that KPMG imposed a gag order or that any waiver would be legally effective.
What KPMG is proposing in the UK
In a report published on 6 October 2026, The Register said KPMG was proposing reductions in some UK advisory client-facing teams. It named AI, Cyber, SAP and Testing as teams at the sharp end. The outlet put the proposed reduction at about 4 percent of KPMG’s UK workforce, or approximately 200 people; those are its approximate figures, not independently verified workforce statistics.
The Register also reported that KPMG had eliminated 600 roles across its UK organization six months earlier. It placed the new proposal in a wider context by noting that PwC UK was merging two advisory businesses in response to AI disruption. These are contextual details reported by the outlet.
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The Register reproduced a message it said KPMG sent to staff: “The collective consultation process has now formally concluded. The firm’s original proposal remains unchanged. Employees will be notified on Friday 9th of October 11-11:30am by email if they have been selected for redundancy.” The date and time refer to the notification window reported in that 6 October article.
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What the report says about the £100 offer
The Register said it understood KPMG was offering £100 in connection with employees’ existing contractual confidentiality and other post-termination obligations. An insider described the payment as “marginally above statutory terms” and characterized it as nominal consideration for waiving rights to appeal or bring claims. Those details are attributed to the outlet’s sources; the report does not reproduce an agreement establishing the precise terms.
KPMG declined to answer The Register’s specific questions about the £100 payment. Its spokesperson instead re-sent this statement: “As our market evolves, we are adapting where we are focusing and how we are set up to make sure we have the right skills in place to best serve our clients. To respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process.” The statement addresses the proposed changes generally, not the payment or any waiver.
The report does not establish that the offer amounts to a gag order, nor does it determine whether an individual agreement could effectively waive a particular legal right. Employees considering proposed terms should read the actual agreement and seek independent UK employment-law advice before signing; the article alone cannot resolve the legal effect.
What is known about 2026 bonuses
The Register said KPMG bonuses are discretionary and performance-based, and are typically paid in January. It reported that the firm had not communicated with staff about 2026 bonuses. Separately, the outlet said it understood employees under notice—whether notice had been given or received—would not be eligible for a payout. That eligibility point is the outlet’s understanding, not a quoted KPMG announcement. The Register said the insider also criticized the timing ahead of the holidays and alleged that affected staff would lose bonus eligibility.
Quick Recap
How to read the different claims
- Staff notification: The Register reproduced a message it said it had seen, giving a notification window of 11:00–11:30am on 9 October 2026.
- Payment and waiver: The £100 terms and characterization of a waiver come from the outlet’s understanding and an insider’s account; KPMG did not answer questions on them.
- Company position: KPMG’s on-record statement confirms proposed reductions and says it will support colleagues, but does not address the payment or bonuses.
- Bonus eligibility: The no-payout-under-notice point is what The Register said it understood, rather than a public statement quoted from KPMG.
Read The Register’s 6 October 2026 report.
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