Deloitte to Cut 1,200 Jobs in the US: FT

Deloitte has informed employees it will cut around 1,200 US jobs, the Financial Times reports, citing unidentified employees discussing the matter in online forums and a company spokesperson.

• Layoffs represent a 1.5% reduction it the firm’s US workforce
• Cuts will be concentrated in areas including the Risk Financial Advisory division, which will see a 3% reduction
• “Our US businesses continue to experience strong client demand. As growth in select practices moderates, we are taking modest personnel actions where necessary,” a Deloitte spokesperson told the FT
• NOTE: EY to Cut 3,000 US Jobs After Shelving Bid to Break Up Firm ...