Deloitte initiates job cuts in UK amid consulting slowdown – report

Group 1 - Deloitte is preparing to reduce its workforce in the UK due to a downturn in demand for consulting services, with a review of internal services teams potentially leading to job cuts, especially in business development and marketing roles [1][2] - The company is reorganising its structure, consolidating from five major business divisions to four as part of a major reorganisation initiated in 2024 [1][2] - Despite potential job cuts, Deloitte partners in the UK and Switzerland are receiving an average 4% salary increase, with compensation expected to reach £1.05m ($1.4m), up from £1.01m the previous year [2] Group 2 - Overall revenue for Deloitte decreased by 1% to £5.68bn from £5.75bn the previous year, with a 10% decline in revenue for its tech consulting business, totalling £1.67bn in 2025 [3] - The audit and assurance business saw a growth of 3% to £969m, while the tax and legal unit revenue grew by 7% to £1.33bn, and the strategy, risk, and transactions business increased by 3% to £901m [3] - Deloitte has made significant investments in its workforce, including over 3,160 new hires, more than 5,500 promotions, and £317m invested in rewards and learning [4] Group 3 - The firm is considering workforce reductions in Aberdeen, but has indicated that only an "extremely small number" of local roles may be impacted by the ongoing review of its UK internal services teams [5]