The Big Four accounting firm notified roughly 330 people in the U.S. audit business they would be let go, people familiar with the matter said.

KPMG LLP said Monday that it has cut roughly 330 people from its US audit business to combat near historic low employee turnover rates.Employees learned last week of the layoffs that affect less than 4% of the firm’s audit workforce of nearly 9,

KPMG, one of the Big Four accounting firms, recently announced that it will let off about 330 workers, or less than 4% of its U.S. audit workforce, in an effort to adapt shifting market conditions.

KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. "The actions reflect our ongoing focus to align the size,