Deloitte told its staff yesterday that it plans to cut its workforce by 7% because of the impact of COVID-19, despite its annual revenue growing by 10% to $2.5 billion.
The job losses are expected to have the biggest impact on the professional services firm’s consulting and advisory businesses, with its external audit practice not expected to incur any cuts.
The redundancies follow Deloitte already asking staff to take a 20% pay cut for five months from May to September. It also follows PwC cutting 400 roles last week and KPMG cutting 200 jobs in March.
