Job losses are expected to rise in Russia following KPMG’a announcement of suspension of operations in Russia and Belarus.

This was announced by KPMG in a statement on Sunday evening.

KPMG joins Netflix and PricewaterhouseCoopers who have also suspended operations in Russia and Belarus following Russia’s invasion of Ukraine.

What KPMG is saying

“We believe we have a responsibility, along with other global businesses, to respond to the Russian government’s ongoing military attack on Ukraine. As a result, our Russia and Belarus firms will leave the KPMG network” KPMG said.

They added that KPMG has over 4,500 people in Russia and Belarus, and is ending its working relationship with them, “many of whom have been a part of KPMG for many decades, is incredibly difficult, citing that the decision is not about them, and it is a consequence of the actions of the Russian Government.

More details soon…

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