Close Menu
Arogidigba Global JournalArogidigba Global Journal
  • Home
  • Latest News
  • National
  • Politics
  • Entertainment
  • Sports
  • Get In Touch

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Mambilla Power Project: Again, absence of interpreter

May 10, 2025

41, 027 underage candidates registered,

May 10, 2025

…82 inmates of correctional centres participated

May 10, 2025
Facebook X (Twitter) Instagram WhatsApp Telegram
  • About Us
  • Advert Rate
  • Get In Touch
Facebook X (Twitter) Instagram WhatsApp Telegram
Arogidigba Global JournalArogidigba Global Journal
  • Home
  • Latest News
  • National
  • Politics
  • Entertainment
  • Sports
  • Get In Touch
Subscribe
Facebook X (Twitter) Instagram WhatsApp Telegram
Arogidigba Global JournalArogidigba Global Journal
You are at:Home»Business & Economy»Deloitte to cut additional 100 jobs in its UK office due to slump in dealmaking, high interest rates
Business & Economy

Deloitte to cut additional 100 jobs in its UK office due to slump in dealmaking, high interest rates

February 8, 2024No Comments2 Mins Read
Facebook Twitter Telegram LinkedIn WhatsApp Email Copy Link
Share
Facebook Twitter LinkedIn Email Telegram WhatsApp

Deloitte has placed an additional 100 positions in the UK at risk of being cut.

This comes to cut costs as the firm battles a slump in dealmaking amid high-interest rates.

According to the Big Four firm, the proposed job cuts will impact around five per cent of Deloitte’s financial advisory business and will be implemented across the firm’s staff ranks.

What the statement said

A Deloitte spokesman said:

  • “We are considering restructuring parts of our advisory corporate finance business.
  • “This is to concentrate on larger, sector-focused M&A activity. As a consequence, we are proposing to close some parts of that business.
  • “This will undoubtedly be an unsettling time for those affected and we will be doing everything we can to support them.”
  • “In the upcoming weeks, it is anticipated that workers will be contacted about the layoffs. Deloitte has stated that it will work to locate new positions for those impacted.

According to the spokesman, these layoffs occur as clients abandon projects and demand lower prices, forcing professional services organizations to substantially reduce costs and hold back on recruiting after the epidemic.

In a similar vein, Deloitte’s competitors PwC, EY, and KPMG have also eliminated hundreds of jobs from their UK headquarters due to overstaffing.

Background 

  • In September 2023, the firm announced plans to cut 800 positions across its UK consulting, financial advisory, and risk advisory departments.
  • In April 2023, its United States office laid off roughly 1,200 people in its consulting arm which resulted in a 3% decrease in overall staff at Deloitte’s Risk and Financial Advisory division.
  • The slump in merger and acquisition and the post-pandemic hiring spree are said to be the cause of the layoffs, which may also impact negatively its Nigeria operations.

Download Nairametrics App for breaking news and market intelligence.
   

Share. Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
Previous ArticleBoxer Tyson Fury accused of staging elbow blow suffered in sparring that caused him to withdraw from Oleksandr Usyk heavyweight unification bout
Next Article Insecurity: FG deploys special military troops to Ekiti

Related Posts

PHOTOS: How celebrities showed up for 2025 AMVCA

May 9, 2025

Natasha: Group urges security agencies to investigate Sandra Duru

May 9, 2025

‘Support must go beyond declarations’ — APC’s Mumuni tells political actors

May 9, 2025

Leave A Reply Cancel Reply

Ads />
</a></div>		</div>

		</div>
		<div id=
Latest Posts

Mambilla Power Project: Again, absence of interpreter

May 10, 20250 Views

41, 027 underage candidates registered,

May 10, 20250 Views

…82 inmates of correctional centres participated

May 10, 20250 Views

3 men in court over alleged N25m maize farm theft, damage

May 10, 20250 Views
Don't Miss

Danish Embassy, Danish Veterinary And Food Agency, Partner NAFDAC To Combat Antimicrobial Resisitance

By Arogidigba Global JournalDecember 8, 2024

The National Agency for Food and Drug Administration and Control NAFDAC in its quest to…

CAN disburses 600 baggage of rice to Jigawa Christians

January 6, 2024

Court Nullifies Rivers 2024 Budget, Bars Fubara From Interfering In Assembly Matters

January 22, 2024

OSIEC chairmanship: I am no longer PDP member – Hashim Abioye

January 12, 2024

Senate In Rowdy Session As Lawmaker Claims ‘Older’ Senators Got N500m For Projects

March 12, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest news from Arogidigba Global Journal

About Us
About Us

AROGIDIGBA GLOBAL NEWS…something of stupendous magnitude is a digital newspaper platform published by AROGIDIGBA MEDIA LIMITED. We are accessed all over the world on the various social media. As an independent News Organization, we are purposefully positioned to serve the Nigerian audience and the world with credible news reports and shrewd analyses.

Facebook X (Twitter) YouTube WhatsApp Reddit
Latest News

PHOTOS: How celebrities showed up for 2025 AMVCA

May 9, 2025

Natasha: Group urges security agencies to investigate Sandra Duru

May 9, 2025

‘Support must go beyond declarations’ — APC’s Mumuni tells political actors

May 9, 2025
Editor's Pick

Aradel sets aside $20m for Chappal Energies acquisition

May 8, 20250 Views

Schneider Electric names Dladla Africa Cluster president

May 8, 20250 Views

LCCI Power Group appoints Olufemi Bakare chairman to drive increased advocacy in sector reforms

May 8, 20250 Views
© 2025 Arogidigba Global Journal free slots no download
  • Home
  • Latest News

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.