KPMG has cut around 10% of its US audit partners to align with changing economic conditions and increased automation. This strategic move indicates a shift in the industry, reducing high-ranking roles and automating processes, thus altering the traditional "golden ticket" partnership model among the Big Four (KPMG, EY, PwC and Deloitte).
The partner title just lost its lifetime warranty. For decades, making partner at a Big Four firm felt like locking in a golden ticket, steady profits, prestige, and a long runway to retirement. That playbook is now getting flipped. KPMG’s move to cut rou...
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