KPMG to cut jobs, freeze pay in UK arm amid Big Four woes in Britain

Financial services giant to reduce roles in its deal advisory business in latest round of redundancies

It is understood the move will affect about 110 people of the 1,700-strong UK deal advisory division. Picture: Getty

KPMG has launched a fresh round of job cuts in its UK business amid a slowdown in dealmaking.

The financial services and auditing giant said it will reduce roles and freeze pay in its deal advisory business.

It is understood the move, which was first reported by the Financial Times, will affect about 110 people, or almost 7 per cent of the company’s nearly 1,700-strong UK deal advisory division.

Last month, KMPG launched a separate consultation process over plans to axe up to 125 jobs in its consulting business.