Deloitte is planning further job cuts within its advisory division as the firm faces a challenging market, with consulting revenue growth plunging from 19% to just 1.9%.
The restructuring process will affect 180 positions in strategy, risk management, and technology divisions, revealing a broader trend of redundancies across major consulting firms due to declining demand.
Deloitte stated, 'In the context of an ongoing challenging market, we have to carefully consider the shape of our firm,' illustrating their response to the tightening consultancy landscape.
The firm's trickle of job losses follows a wave of layoffs, including 250 underperforming UK advisory employees this fall and 800 redundancies in September 2023, showcasing ongoing workforce adjustments.
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