Deloitte layoffs happening

likehelpful
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Not surprised, the people I know who work at Deloitte in my city are always unassigned. Seems like they’re very, very over staffed. At least the office in my city is. Very sorry to hear this though and hope not too many are impacted!

likesmart

Wow... at least it’s only 5% for y’all. As someone who’s been laid off before, this will pass. You’ll get something soon enough

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Only 5% sounds a lot worse when you think about how many humans are going to be unemployed. My employer cut 30%, but it was ~300 people. Of course it also sucks but it's not as bad as this

Sorry to hear that

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Im surprised the Tax CEO called it layoffs. As per Dan, I thought we were not allowed to call it layoffs lol

likefunny

Nah, just ‘extended abandonment’

funny

Did Deloitte US partners take a pay cut and are employees still getting YE bonuses? Or is this the first lever they are pulling?

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Partners are taking a big hit. There will be a big hit to raises, too. Definitely trying to spread the pain. Also, minimizing layoffs where possible leaves the firm better positioned for projected rebound.

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Steve Kimble, Tax CEO

likehelpful

Nope - across the entire firm but the communication was done by business line.

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What’s the link to Deloitte bowl?

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Did you ever find it? I can't find it either!

Source?

likefunny

@SA2 tax compliance is generally ok but any sort of planning or consulting might be hit. M&A activity has also ground to a halt.

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Yes, confirmed. Happening first 2 weeks of June.

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Firmwide. All businesses + EA, approx 5% overall

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Firmwide? I haven't seen anything about layoffs for Audit/Advisory for DT..

All other big 4 to follow I’m sure. All in all 5% isn’t too bad given the current climate and probably isn’t much worse than normal performance dismissals though.

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We won some huge PPP engagements

Yep just received the news. As someone who just started here 2 months ago I’m not sure how to feel. Appears to be 5% across the entire firm.

likehelpful

Depends on what area you’re going into - some skill sets are still needed right now and although there is a hiring freeze there are exceptions. Best of luck to you

likesmarthelpful

OW! That hurts

funny

First out of all big 4

like

5% layoffs and 1.5% of reduced schedule

like

Thanks for the clarification

Firm wide?

Last year it was in waves. I think the Talent Lead is on all the calls so it takes time to meet with people for the separation discussions and some may get delayed based on project needs

Oh sorrrry

.....

Damn

Damn, sorry to hear. Have good friends over at Deloitte...

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