Deloitte has axed about 250 employees in the UK in at least the third round of redundancies at the Big Four accountancy in the past 13 months.
The move affects about 1 per cent of Deloitte’s UK workforce and is thought to target employees within the advisory division who are seen as under-performing.
A source said the cuts were part of a “performance management” process and that those affected had “received appropriate payments for notice”.
Deloitte warned in September last year that it was planning on making 800 employees redundant because of a slowdown in demand after significant growth during the pandemic.
All of the Big Four accountancy firms, which also includes EY, KPMG and PwC, hired aggressively during the Covid-19 pandemic because of a