Deloitte has placed an additional 100 positions in the UK at risk of being cut.
This comes to cut costs as the firm battles a slump in dealmaking amid high-interest rates.
According to the Big Four firm, the proposed job cuts will impact around five per cent of Deloitte’s financial advisory business and will be implemented across the firm’s staff ranks.
A Deloitte spokesman said:
According to the spokesman, these layoffs occur as clients abandon projects and demand lower prices, forcing professional services organizations to substantially reduce costs and hold back on recruiting after the epidemic.
In a similar vein, Deloitte’s competitors PwC, EY, and KPMG have also eliminated hundreds of jobs from their UK headquarters due to overstaffing.
