Deloitte has told staff it will cut around 1,200 jobs in the US, becoming the latest of the Big Four accounting firms to react to a slowdown on the consulting side of its business.
The reductions amount to 1.5 per cent of the US workforce, they were told, but will be higher in areas such as the financial advisory business, which has been affected by a slump in merger and acquisition activity.
Leaders of Deloitte’s Risk and Financial Advisory division revealed the extent of the cuts in a call with staff on Thursday, according to employees discussing the matter in online forums. Cuts at RFA amount to 3 per cent.
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