KPMG cuts more consulting roles, as Tasmanian staff are told Hobart will stay open
- Company
- KPMG
- Date
- 10 November 2026
What we've heard
Latest developments
On 10 November a person at KPMG told us staff in Tasmania have been told there are no plans to close the Hobart office, and that its roughly 90 staff sit in mid market and private, outside the divisions in the planned redundancies. That disputes a message on 8 November that the office would close. Another person told us KPMG shut its Townsville office a couple of months ago and made everyone there redundant.
The story so far
People at KPMG have told us since June about the fallout from the federal work ban, including a first round of redundancies in consulting. In late October we heard the ban had been extended to February 2027, that a second round would land by the end of November and that staff must take 10 days of leave over Christmas. On 5 November we heard about 400 more roles would go over the next two to three weeks.
Inside Track
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From the public record
- 5 Nov 2026
- Our full story covers the up to 400 roles, what we heard before the report and what the Christmas shutdown means for those who stay. The Aussie Corporate
- 2 Nov 2026
- KPMG Australia is preparing to cut up to 400 jobs by the end of November, mainly in consulting and internal business services, the AFR said, reported by International Accounting Bulletin. International Accounting Bulletin
- 23 Oct 2026
- The Department of Finance said KPMG will temporarily cease new contract engagements with Australian Government entities until 28 February 2027. Department of Finance
- 24 Aug 2026
- KPMG said it would reduce its workforce by about 5 per cent, 27 partners and around 360 employees, mostly in Consulting and Business Services. KPMG
The messages, as they reached us
10 Nov 2026
Not sure if you’re also aware but they have also shut down the KPMG office in Townsville a couple months ago and made everyone redundant along with the earlier restructuring they made
Anon please - KPMG Tasmanian chair has contacted staff and confirmed there is no plans to shut Hobart office - have confirmed with higher ups including John Sams this is definitely not the case - the rumour isn't true and the number of job losses in the report doesn't align with the 90 or so staff in the Hobart office - all of which are mid market and private, and therefore not in the divisions which are part of the redundancies planned
8 Nov 2026
Anon - Internal info the KPMG Hobart office will be closed. Every decision been run by global not local.
600+ roles, mostly in Mid Market and private only tolerated as it was profitable. ABC has reached out for comment
5 Nov 2026
Unsure if you’ve already shared this, but KPMG will do more cuts - circa 400 heads out over the next 2-3 weeks. Right before Xmas.
30 Oct 2026
New update from KPMG, employees being forced to take 10 days annual leave over the Christmas break.
28 Oct 2026
ANON PLEASE- KPMG update. Consulting restrucutre with Risk and Tech consutling will be merged across Enterprise and MMP reducing roles. Main message was to work through to the end of November and use the shutdown as a reset going into 2027. Strategy wise Government remains a key focus and will stay engaged unitl the pause lift. in February 2027 as there is already work won that needs to be delivered.
When asked about the recent redundencies how large will this impact be? Message was that without going into specifics if would be larger then the recent approx 5% of its workforce.
Anon please: KPMG have just announced another round of redundancies in firmwide call, resulting from extended Commonwealth contract ban - execs are looking at fast-tracked timeline aimed for end of November
27 Oct 2026
KPMG fed gov band extended till 28th Feb. Hinting at more changes, especially to Canberra office where many people are without client work. Directors also struggling without being able to bid/win work
18 Aug 2026
Wait until after the joint hearings and then it’s like the start of gladiator. All hell let loose . KPMG expecting 25% decrease in revenue assuming no more government restrictions. Worse if so .. No bonus and a 2.5% salary increase for a lot of client facing people (anyone with Effective performance or lower), despite CPI @ 3.8%
4 Aug 2026
Couple of KPMG updates: • Staff across the Consulting, Deals Advisory, Tax & Legal, and Business Services divisions have not yet received their year-end performance ratings or FY27 remuneration discussions. It keeps getting pushed back - latest timeframe is “7 August - 13 August”. No doubt affected by the scandal and incoming redundancies etc. • Everyone in the Advisory business within Consulting has had a ‘Town Hall’ meeting come into the diary for this Thursday to allow the Advisory Partner in Charge provide an “update on our business”. Unsettling given the daily articles of the imminent redundancies to hit Advisory.
28 Jul 2026
KPMG intel: a first round of redundancies will start next week. Largely focused on the Consulting practice.
Which seems especially fucked considering it was Audit that messed up but, it is what it is.
16 Jun 2026
More shit news for KPMG - the consulting business just received an invite for a 6pm meeting today, ‘recent announcements impacting our business’ Will be about Fed Gov and finance clients taking work away from us no doubt.
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Inside Track
More from the Inside Track
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Anon please- Ventia informed company wide of business restructure with multiple redundancies to come Dec 1 to slash overheads by 30 million staff notified after release to shareholders Correct statement word for word “The initiatives today are expected to deliver at least 30 million in annualised cost saving by Dec 2027
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Cerebral Palsy Alliance understanding redundancies across the board amid cost cutting due to ongoing revenue challenges
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Anon pls. Deloitte Access Economics also let around 15 staff go last week, mainly directors. Apparently more to come. This comes after news a few months ago that directors who don’t meet targets will automatically be put on a PIP
