Deloitte UK is cutting staff travel and expenses by 50%.SOPA Images/LightRocket via Getty ImagesDeloitte UK has had a year of reorganization and cost-cutting amid a consulting slowdown.It is planning to cut staff travel and expenses by 50% for the rest of the financial year, the FT reported.The cuts to spending were short-term, a senior exec said in internal messaging.The Big Four consulting firm Deloitte wants to cut its spending on staff travel and expenses by more than 50% in the UK, where it is headquartered.In an email sent to partners and directors in October, Deloitte said the "firmwide cost management measures" were being introduced because of "challenging market conditions" in the UK, the Financial Times reported.Deloitte reportedly said it was only aiming to maintain the cost cuts until the end of its current financial year in May and described the reduction in spending as "limited" and "temporary."The email was sent by Sarah Humphreys, chief operating officer of the tax and legal division.
Deloitte Is Trimming Costs Again After A Year Of Upheaval
pthompson@insider.com (Polly Thompson), Business Insider
Mon, 12/23/2024 - 3:57am
Topics: images/lightrocket getty imagesdeloitte uk big four october financial times temporary."the sarah humphreys may the march september fy25 contact deloitte uk ft business insider costs year staff firm consulting expenses cut travel spending global senior million cuts reorganization internal challenging grew reported.the previous partners legal tax layoffs employees email cutting
BING NEWS:
- Deloitte is trimming costs again after a year of upheaval
Humphreys said Deloitte was also reviewing its "recruitment agency costs, licence fees, bad debts and global recharges," the FT reported. The cost-saving efforts come after a year of ...
12/22/2024 - 10:35 pm | View Link - Deloitte is trimming costs again after a year of upheaval
Deloitte UK will cut spending on travel and expenses by 50% amid a sharp slowdown in consulting since the pandemic ...
12/22/2024 - 10:01 pm | View Link - More
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