Deloitte is preparing to reduce its workforce in the UK as it faces a downturn in demand for consulting services, reported Bloomberg.
The company has commenced a review of its internal services teams in the UK, which may result in job cuts, particularly in business development and marketing roles.
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The accounting giant is reorganising its structure, consolidating from five major business divisions to four, the news publication noted.
While some positions may be terminated, Deloitte is also considering creating new roles and transferring some at-risk employees to other positions where feasible.
The move comes as part of a major reorganisation initiated in 2024.
Despite the potential job cuts, Deloitte partners in the UK and Switzerland are receiving an average 4% salary increase for the financial year ending 31 May 2025.
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By GlobalDataTheir compensation is expected to reach as high as £1.05m ($1.4m), up from £1.01m in the previous year.
Overall, Deloitte’s revenue decreased by 1% to £5.68bn from £5.75bn the year before.
Deloitte has reported a 10% decline in revenue for its tech consulting business, totalling £1.67bn in 2025.
The company’s audit and assurance business saw growth of 3% to £969m, and its tax and legal unit revenue grew by 7% to £1.33bn.
Additionally, the strategy, risk, and transactions business increased by 3% to £901m.
The firm emphasised its investment in people and partners, with more than 3,160 new hires, more than 5,500 promotions, including 60 new partners, and £317m invested in rewards and learning.
Commenting on the results, Deloitte UK Senior Partner and CEO Richard Houston said:
“Geopolitics and continued economic headwinds meant that many organisations have been carefully managing their costs and delaying certain investments.
“In light of this, we have had to review and make changes to the shape of our firm, but we’ve remained resilient with notable client successes across our businesses.”
In Aberdeen, Deloitte is considering workforce reductions, as reported by the Scottish Daily Press and Journal. Though the company employs 460,000 individuals globally, it has indicated that only an “extremely small number” of local roles may be impacted by the ongoing review of its UK internal services teams.
