KPMG and BDO shifting workforce due to AI

KPMG and BDO shifting their workforce due to AI. KPMG to cut almost 600 UK jobs as slowdown persists. Big Four firm and rivals are struggling to regain footing even after reductions in headcount and costs. BDO axes 31 partner roles as AI pressure grows and profits fall. Move comes amid downturn for professional services after hiring spree during pandemic. BDO's profits fell 75% last year. Laith Al-Khalaf. Save. Ellesheva Kisin and Laith Al-Khalaf in London. So that's showing a downturn in how both of these firms are performing. And also showing concerns over AI and how AI is changing the workforce in professional services. In particular, I think in audit and consulting services, and that is due to the amount of automation that can take place within these roles. So this means that BDO will be reducing the number of partner roles available and reducing the number of people who'd be eligible for profit share. So that should be showing a downturn in how both of these firms are performing and also showing concerns over AI and how AI is changing the workforce in professional services.