Deloitte LLP is preparing to cut jobs in its UK operations as the consulting sector faces a slowdown. The company recently began reviewing some of its internal services teams in Britain, according to sources familiar with the matter. Roles in areas such as marketing and business development may be affected.
At the same time, Deloitte partners in the UK and Switzerland will receive an average pay increase of four percent for the financial year ending May 31. Partner salaries will rise to about £1.05 million from £1.01 million last year. In comparison, rival firms have largely kept partner pay unchanged, with PricewaterhouseCoopers maintaining an average of £865,000.
The consulting industry has been struggling with reduced demand for traditional services, a slowdown in mergers and acquisitions over the past two years, and government spending cuts in the United States. This has led firms across the sector, including Accenture and McKinsey, to reduce headcount to manage costs.
While some positions at Deloitte may be eliminated, others could be created, and some at-risk staff might be moved to new roles, the sources said. The global firm also carried out a major reorganisation in 2024, reducing its five main business units to four.
A representative for Deloitte did not respond to requests for comment.
Deloitte UK senior partner and chief executive Richard Houston said geopolitical and economic challenges had caused some clients to delay investments. “In light of this, we have had to review and make changes to the shape of our firm, but we’ve remained resilient with notable client successes across our businesses,” Houston said. He added that the UK business will continue its transformation, including technology adoption and closer collaboration with other Deloitte member firms in the region.
Financial results for Deloitte’s UK operations showed a ten percent drop in its tech consulting business to £1.67 billion in 2025, reflecting reduced client spending. Overall revenue fell one percent to £5.68 billion from £5.75 billion the previous year.
The audit and assurance business grew three percent to £969 million, while the tax and legal unit increased seven percent to £1.34 billion. The strategy, risk, and transactions business grew three percent to £901 million.
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