Deloitte, the British multinational professional services network and one of the Big Four, is further trimming its advisory division in the UK. Those in risk, transaction, strategy, technology and transformation roles will reportedly be affected. Why? Demand for consultancy services has dropped and clients are becoming increasingly cautious about spending. There haven’t been as many mergers and acquisitions in the past couple of years. In fact, as per media reports, the growth rate in the firm’s global consulting division has dropped drastically, from 19 per cent to 1.9 per cent in the past year or so. The revenue from the tech consulting business has also dropped by 10 per cent in 2025. Therefore, the company has resorted to job cuts to be able to handle the challenges of FY25.
As part of a reorganisation that began last year, Deloitte has already cut its number of business units from five to four. Additionally, in April this year, Deloitte had revealed plans to lay off within its government and public services (GPS) practice in the US following significant reductions to federal contracts under the Department of Government Efficiency (DOGE), which was pushing consulting firms to cut costs.
Interestingly, partners at Deloitte in the UK and Switzerland are reportedly being granted a raise of four per cent on an average for financial year ended 31 May. This hike will take the pay for some partners to even about $1.4 million .
Earlier this month, Deloitte had tightened its hybrid work policy in India, mandating employees to spend at least two days a week in the office beginning 1 October, 2025. The new requirement is to apply across the firm’s seven Indian offices, covering both client-facing teams and back-end support functions.
