Deloitte to cut jobs in US consulting division to reduce project costs.

From Yahoo Finance: 2025-04-07 06:31:00

Deloitte plans to cut jobs in its US consulting division following government requests to reduce project costs. The exact number of layoffs is undisclosed, with minor cuts expected in response to changing client needs. The company’s US management consulting business saw less than 1% growth in 2024, a significant decrease from previous years. As of 2024, Deloitte employed nearly 173,000 individuals in the US. The firm faced federal contract cuts or modifications amid efforts to reduce government spending, with the General Services Administration overseeing cost reductions. Deloitte recently appointed Suresh Kanwar as the new managing partner for its UK financial services division, succeeding Richard Hammell. The company offers various services, including audit, consulting, and tax advisory.

Read more: Deloitte lays off employees in US consulting division