New Delhi: The sound of recession, is affecting different sectors. In the last few times, many big companies of the world have laid off employees on a large scale. Now another company Deloitte has also joined this list. Deloitte is among the 4 big financial consultancy companies that have announced layoffs.
London-headquartered firm Deloitte recorded an annual revenue of $59.3 billion in 2022. Deloitte has announced to lay off about 1,200 employees in the US. This is about 1.4 percent of the company’s total employees in the country. Deloitte has announced layoffs due to the slowdown in the consulting side of its business.
Deloitte statement
“Client demand continues to drive growth in our US business,” Deloitte MD Jonathan Gandal said in an email. He refused to say that growth was slowing down. According to Deloitte’s Annual Transparency Report, the number of its employees in the US increased from 65 thousand in 2021 to 80 thousand last year.
These companies have also laid off
Apart from Deloitte, KPMG announced in February that it would cut less than 2% of its workforce in the US. Apart from this, Ernst & Young has announced the layoff of 3000 employees in the US. McKinsey & Co is planning to lay off around 2,000 employees.
