KPMG is reducing approximately 4% of its U.S. advisory workforce, the latest Big Four firm to adjust staffing amid changing market conditions. The accounting giant informed staff Wednesday that consultants specializing in risk advisory, customer operations, and financial services would bear the brunt of the reductions.

About half of the cuts target lower-performing consultants, with no partners affected. The layoffs reflect broader challenges in professional services as clients scale back certain advisory engagements and voluntary departures remain below historical levels.

Industry analysts view the downsizing as a strategic response to economic uncertainty rather than a sign of distress. KPMG joins other accounting firms in recalibrating their service offerings and workforce structures to match current client demands while maintaining profitability.