Key facts
- Deloitte plans voluntary job cuts in its UK audit business.
- The firm is offering voluntary redundancy packages to nearly 200 employees.
- Low staff attrition and stagnant revenue are cited as reasons for the cuts.
- Deloitte UK's total revenue decreased by 1% to £5.68bn in fiscal year 2025.
- Revenue from its audit and assurance business grew by 3%.
Deloitte is planning voluntary job cuts across its UK audit business, offering enhanced redundancy packages to approximately 200 employees. The move comes amid low staff attrition rates and stagnant overall revenue, although the audit and assurance division itself saw a 3% revenue increase. This follows previous cuts at Deloitte in October 2024 and similar actions by competitor KPMG in March, which aimed to reduce around 600 roles. The traditional model of firms maintaining large junior workforces with the expectation of attrition is reportedly failing in the current economic climate, as fewer staff are leaving their roles.