Deloitte has quietly dismissed approximately 250 employees in the UK, representing 1% of its workforce.
This marks the third round of redundancies in 13 months for the Big Four firm. The cuts, which were not formally announced, targeted underperforming staff across its advisory divisions and follow a slowdown in demand for consulting services, the FT reports.
This news comes despite UK equity partners receiving an average of over £1 million for the fourth consecutive year. Deloitte has also recently restructured its UK operations and reduced its main business units to four.
