KPMG cut some 400 US consultants amid slowing demand in key sectors. Employee attrition rates have been lower than expected. KPMG is still hiring for AI transformation, focusing on engineers. Big Four firm KPMG laid off about 400 consultants in its US advisory division on Wednesday. The cuts focused on consultants in regulatory risk advisory, customer operations, and financial services, a person familiar told Business Insider. These divisions have seen slowing demand in recent months, the person said. Employees were informed of the layoffs during a call at noon on Wednesday. On Reddit, posters who said they were employees reported that they received calendar invites for the call as early as Tuesday.…