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...Tax and legal will remain a standalone business within the new structure as Deloitte tries to wring benefits from the decision to keep its audit and consulting businesses together....
...The Big Four accounting and consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing...
...Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an annual average of more than £1mn last year....
...An MBA student who joined Deloitte Consulting in 2020 could expect to earn $173,000 in the first year, it found, while a 2022 hire could expect $204,000....
...financial penalties for gardening leave — a required hiatus between jobs — has spread across the Big Four in the US in the past decade as competition for talent and clients has intensified, particularly on the consulting...
...Deloitte has told staff it will cut around 1,200 jobs in the US, becoming the latest of the Big Four accounting firms to react to a slowdown on the consulting side of its business....
...Deloitte, EY and KPMG have all announced staff cuts in the US this year, following a slowdown in parts of their consulting arms, and KPMG last week announced a second round of lay-offs that would extend...
...Deloitte has so far rejected the idea of following rival EY by pursuing a more radical break-up of its audit and consulting operations on a global basis, and it said on Wednesday that it was not planning...
...Deloitte’s US business employs almost as many people outside the US as it does inside the country....
...Anne-Marie Malley, head of consulting, is the most high-profile of the trio, having overseen a 44 per cent rise in revenues since 2019 when she became the first woman to lead the practice....
...Deloitte said it had responded to the letter and “look[s] forward to discussing it . . . further” with the 100 Group. PwC declined to comment. Additional reporting by Anna Gross...
...Deloitte said: “Stephen Cahill is retiring from Deloitte. We don’t have any comment on Stephen’s retirement.”...
...Big Four consulting firm Deloitte is scaling back its UK deals business to focus on higher value transactions after a review of its profitability, in a strategic shift away from work it has done for decades...
...In October, the Financial Times reported that Deloitte was planning to axe about 150 junior consulting roles as part of its initial redundancy round....
...A series of scandals and strategic mis-steps exposed shortcomings in the governance of Big Four accounting and consulting firms in 2023, prompting a rethink about how best to hold management to account....
...Like the Big Four of EY, KPMG, Deloitte and PwC, Grant Thornton operates as a global network of member firms....
...Revenue in consulting grew 16 per cent, to £1.6bn. Houston said the firm’s financial services, energy and resources, and public sector teams had all experienced “significant demand”....
...Apsez and Deloitte did not immediately respond to a request for comment....
...The firm’s demotion to “tier two” leaves the Big Four — Deloitte, EY, KPMG and PwC — plus BDO and Mazars as the remaining “tier one” firms....
...When Deloitte cautioned staff earlier this month that it planned to cut about 800 jobs in the UK, it blamed slowing growth and economic uncertainty....
...Eagland said BDO has not had to make any staff redundant, unlike the Big Four firms — Deloitte, EY, KPMG and PwC — which have all announced job cuts in recent months amid slowing demand for some of their...
...“There is definitely a misalignment” between Byju’s and Deloitte, Subramanian added....
...He runs the fraud, data and disputes team in the consulting firm’s forensic business....
...Deloitte and a spokesperson for Rokos declined to comment. MWE did not respond to requests to comment....
...In a 20-minute video posted on Deloitte’s website, Joe Ucuzoglu said the firm had considered separating its audit and consulting businesses, as EY hopes to, and had even spoken to bankers about doing so....
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