Deloitte LLP is preparing job cuts at its UK business as the Big Four firm contends with weaker demand for consulting services. According to people familiar with the matter, staff in internal services teams such as marketing and business development face the highest risk, though some employees may be reassigned to new roles.
At the same time, Deloitte has raised partner salaries in the UK and Switzerland by an average of 4% for the financial year ended May 31, lifting top pay to about £1.05 million from £1.01 million. Rival PwC kept its UK partners’ pay flat at an average £865,000.
The broader consulting industry is grappling with a slowdown in M&A activity and tighter government spending in the US. Firms including Accenture and McKinsey have already announced job cuts. Deloitte itself reorganized in 2024, consolidating into four business units from five.
Revenue at Deloitte UK slipped 1% to £5.68 billion in 2025, dragged by a 10% fall in tech consulting to £1.67 billion. Audit and assurance grew 3% to £969 million, tax and legal rose 7% to £1.34 billion, and strategy, risk and transactions climbed 3% to £901 million. UK CEO Richard Houston cited geopolitical uncertainty and delayed client investments but said the firm remains resilient and will continue investing in technology and regional collaboration.
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