Consulting giant, Deloitte, has announced it will lay off 5% of its workforce in the United States, with about 2,500 job cuts happening within the company’s consulting division alone. According to the firm, the layoffs are part of its objective to “aligning resources with clients’ evolving needs.”
According to the company’s Chief Executive Officer, Dan Helfrich, an additional 1.5% of the workforce will either be furloughed or have their work hours reduced with reduced pay.
Deloitte Canada already announced layoffs in May 2020. They laid off about 200 workers from the Toronto office.
Deloitte is a multinational professional services network. It is one of the “Big Four” accounting organizations, and also the largest professional services network in the world by revenue and number of professionals, with headquarters in London, United Kingdom. It has four divisions: audit, consulting, advisor, and tax.
In Fiscal Year 2019, the network earned a record $46.2 billion in aggregate revenues and was the 4th-largest privately owned company in the United States.
See Also: