Why all the layoffs at Deloitte? Every other post in my LinkedIn is of a twice removed colleague having been laid off. What’s driving these cuts?

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Deloitte's year-end was first among the big 4. You'll see a similar trend as the other big 4 reach their year end. Also they are a bigger firm, so even 5% of their workforce is a lot when you only look at the number of LinkedIn posts. Deloitte is also big on consulting, which has taken a huge hit.

I want to assume you're right, but I am skeptical (maybe I'm just too paranoid lol...) When they say no layoffs, they mean no layoffs "due to covid" and is said for morale purposes. They can still layoff for performance reasons, and if needed they can simply increase the performance expectations and fire people that they normally wouldn't. This wouldn't impact their optics since they technically only got rid of "low performers".

Also, they can still layoff due to the economic impact of covid, which is expected to last for years. This may not have happened yet, but don't be surprised if/when it does in the near future.

Again, I know you're saying what you have heard and seen. I'm just saying there may be more to it, and the need to even have an announcement for no layoffs (my firm did the same) often precedes layoffs. They are saying people are the priority, but if things get tough, that is a lever they will have to pull.

A larger portion of Deloittes business versus the other Big 4 is advisory, which is more likely to experience pain in a downturn.

For people working ICFR or SOC engagements, layoffs are less likely. The biggest reason for layoffs with those would be less than expected turnover due to COVID.

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