Deloitte UK to cut more than 800 jobs
Deloitte is set to cut more than 800 jobs in the UK in response to a slowdown in demand and an easing in the pace of workers choosing to leave, according to a source familiar with the matter.
That’s equivalent to about 3 per cent of its UK workforce of 27,000, the person said.
Deloitte is cutting 3 per cent of its UK staff. The Age
The cuts come after growth slowed in the second half of the year because of falling client demand. Accountants at the big four firms – which also include EY, PwC and KPMG – are clinging to their jobs amid economic uncertainty and a sharp drop in open roles.
“Today we announced some targeted restructuring across our businesses, which may put some roles at risk of redundancy,” Deloitte UK chief executive Officer Richard Houston said in a statement, responding to queries.
The cuts are subject to consultation, the CEO added.
The plans follows rival EY’s announcement last month that it will cull about 5 per cent of staff from its UK financial services consulting division. PwC also said it would cut pay increases and bonuses for some of its 25,000 UK employees.
Bloomberg
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