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September 15, 2008

Credit crunch strikes Deloitte staff

Deloitte US is to lay off about 800 staff in response to an overall slowdown in the US economy. The job cuts represent about 2 percent of the firm’s workforce and have been announced only a couple of months after Deloitte revealed it will build a multi-million dollar learning and leadership centre.

Deloitte spokesperson Deborah Harrington said no further lay-offs have been planned. She said Deloitte was taking a number of steps to reduce costs, including adjustments to workforce levels in the US.

The firm stated: “The cost-containment programme is taking place across all support functions and client service units. Part of the plan is to align our headcount according to current and projected revenues. Like our competitors, we are affected by a number of economic events, including the overall slowdown in the US and global economies.”

In July, Deloitte announced it will invest $300 million in a new learning and leadership centre.

The 750,000 square-foot campus will have 800 guest rooms and serve as a state-of-the-art development centre for new hires, senior leaders, partners, principals and directors. It is due to open in 2011.

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