Deloitte to cut 5% of its US workforce amid a slowdown in business caused by the national shutdown in response to the coronavirus pandemic. Job cuts were announced in all-staff calls by the CEOs of the firm’s various divisions.
Dan Helfrich, Chairman, and CEO – Deloitte Consulting said on Friday that the cuts will affect about 5% of workers, according to two employees with knowledge of the call. Although an exact figure wasn’t given, that would suggest that about 2,500 jobs could be eliminated.
“The cuts could translate to about 2,500 layoffs within the company’s consulting division alone.”
Deloitte spokesman Jonathan Gandal said, “in connection with our annual fiscal year-end financial planning and performance management processes, we are aligning our resources with our clients’ evolving needs.”
Gandal added that “demand for our services continues to be strong and we are doing all that we can to minimize the impact on our people in this unprecedented environment.”
Deloitte has four divisions: audit, consulting, advisor, and tax. Deloitte and its subsidiaries generated $21.9 billion in U.S. revenues in the fiscal year ended June 1, 2019