KPMG Australia will overhaul its consulting business to focus on tech-related advisory and software installation as part of an $80 million cost-cutting exercise that will include cutting about 200 roles at the firm.
Already a subscriber?KPMG Australia will overhaul its consulting business to focus on tech-related advisory and software installation as part of an $80 million cost-cutting exercise that will include shedding about 200 jobs.
“I think the era of generalist management consulting being standalone is over, and that all consulting into the future will need to be tech-enabled,” Mr Howes toldThe consulting division – which generates almost $1 billion, or about 40 per cent of KPMG’s estimated $2.5 billion revenue – will shift to doing more work installing new computer systems and helping clients adapt their operations to upgraded software.
Another big four consulting firm, Deloitte, has also emphasised its technology-related consulting division over generalist advisory work.Mr Howes said the aim was to entirely change the way KPMG’s local consulting generates income.
The major consulting firms have also been hit by a pull-back in demand by the telco, consumer products and retailing sectors – in addition to the financial services sector – and lower demand from the public sector, caused by the furore around thepromoting their cost-cutting skills
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