Deloitte UK Readies Job Cuts
Deloitte LLP plans to reduce its workforce in the UK as the firm navigates a slowdown across the consulting services industry.
The Big-Four firm recently began examining several of its internal service teams in Britain. Reports indicate that certain employees in positions like marketing and business development might face the threat of being cut.
Simultaneously, Deloitte partners in both the UK and Switzerland are receiving an average of a 4 percent salary increase for the fiscal year that concluded on May 31, as stated in a Tuesday announcement. Their salary will rise to approximately £1.05 million, up from £1.01 million in the last year.
In contrast, competitor PricewaterhouseCoopers maintained its UK partners' earnings relatively unchanged at an average of £865,000.
The wider consulting sector has been facing a decline in demand for its conventional services, aggravated by a decrease in merger and acquisition activity in recent years and reductions in government expenditures in the US. This has led them to cut expenses, as firms like Accenture Plc and McKinsey & Co. are laying off employees.
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Deloitte could eliminate certain positions, but it might also establish new ones and reassign some at-risk employees to different roles when feasible, according to reports. The international company initiated a significant restructuring in 2024, reducing from five main business divisions to four.
Richard Houston, Deloitte’s UK senior partner and chief executive, noted that geopolitical factors and economic challenges had led some clients to postpone their investments.
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“Given this situation, we have had to reassess and alter the structure of our company, but we have stayed strong with significant client achievements throughout our operations,” Houston stated. He mentioned that the UK business would keep evolving, highlighting technology adoption and enhanced cooperation with other Deloitte member firms in the area.
Deloitte reported that revenue for its technology consulting division fell 10 percent to £1.67 billion in 2025, attributing this decline to clients curtailing their expenditures. Total revenue decreased by 1 percent to £5.68 billion, down from £5.75 billion the year before.
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The audit and assurance division of the UK firm rose 3 percent to £969 million, whereas its tax and legal sector increased 7 percent to £1.34 billion. Its strategy, risk, and transactions division increased by 3 percent to £901 million.