Consulting giant Deloitte is reportedly set to cut at least 1,200 jobs.

 

Consulting giant Deloitte is reportedly set to cut at least 1,200 jobs. 

 The most affected department will be the finance advisory department.

  • The 1,200 job cuts mean the company's overall U.S. workforce would be reduced by 1.5%.
  • Deloitte officials claim that demand for its U.S. consulting business is still strong and that the company would take "modest personnel actions" to make it more efficient.
  • Deloitte's U.S. workforce rose from 65,000 in 2021 to 80,000 in 2022, an overhiring trend that was seen in most of the major companies in the U.S.
  • Earlier this year, Deloitte's competitors, such as KPMG and EY, laid off 2% and 5% of their U.S. staff, respectively.

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