Deloitte – redundancies coming?

A challenging market environment means Deloitte could be looking at hundreds of redundancies in its UK practice.

In the restructuring of the business up to  800 jobs could be lost – that’s around 3% of roles.

Deloitte CEO Richard Houston said: “We announced some targeted restructuring across our business, which may – subject to consultation – put some roles at risk of redundancy.”

Houston explained this is because of a slump in demand for the sector, as dealmaking slows and businesses tighten their belts over inflationary measures.