Graduate jobs slashed as accounting’s big four feel the squeeze
The big four accounting firms have slashed graduate jobs and shed thousands of staff outside of official redundancy rounds, as they cut costs in the face of a prolonged downturn for professional services.
KPMG, PwC, Deloitte and EY hired a thousand fewer graduates, school leavers and apprentices last year as part of a wider effort to trim headcounts and protect their profits.
Last week, KPMG announced an 11 per cent boost to profits, in part through a clampdown on costs. Its 837 partners, who own and manage the firm, received an average payout of £816,000.
The firm hired 942 graduates and apprentices last year, 33 per cent lower than the 1,399 whom it appointed the year before. Overall, the firm shed 1,266 employees in 2024,
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