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Deloitte To Lay Off 5 Percent Of Its US Workforce
It’s unknown which parts of the consulting firm will be affected more by the cuts.
Consulting giant Deloitte will cut 5 percent of its U.S. workforce amid a slowdown in business caused by the national shutdown in response to the coronavirus pandemic, sources told CRN.
The cuts were announced in all-staff calls by the CEOs of the firm’s various divisions Friday morning. With a total headcount in the U.S. of more than 106,000 in more than 100 cities, that would mean potentially 5,300 workers could be affected.
Bloomberg reported that the cuts could translate to about 2,500 layoffs within the company’s consulting division alone.
Deloitte spokesman Jonathan Gandal told CRN that “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.
Deloitte Technology, which falls under the company’s consulting division, is No. 19 on CRN’s 2019 Solution Provider 500 list.