Deloitte warns UK staff of about 800 job cuts

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Deloitte is set to cut hundreds of jobs in the UK as the Big Four professional services group contends with slowing demand from clients cutting their spending on advisory services in a tougher economic environment.

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14 Sep 2023

The accounting firm is set to cut approximately 800 jobs in its UK division, according to a person familiar with the plans, equivalent to about 3 per cent of its workforce of 27,000 people in the country.

“Today we announced some targeted restructuring across our businesses, which may — subject to consultation — put some roles at risk of redundancy,” said regional chief executive Richard Houston.

“This follows a slowdown in growth, which, combined with the ongoing economic uncertainty, means we have to consider the shape of our business and may mean we have to make some difficult decisions,” he added.

Deloitte and the other Big Four firms are having to contend with slowing demand from clients. Consulting work slowed in the past year after enjoying bumper growth in 2021 and early 2022 when companies were seeking advice on how