Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an average of more than £1mn a year last year.
The cuts are part of a wider round of 800 redundancies announced by the Big Four firm in September. An internal presentation to staff delivered last month and seen by the Financial Times shows that first- and second-year analysts in the firm’s consultancy and advisory business will bear the brunt of the reductions.
Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand.
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