Global auditing and consulting firm Deloitte has announced that it will lay off hundreds of employees in the United States.
Previously, EY and KPMG also went to layoffs.
The wave of layoffs at global audit and consulting firms continues to grow. Finally, Deloitte, one of the four major accounting firms, announced that it will lay off hundreds of employees in the United States.
As a reflection of the current global economy, the wave of layoffs in the US is growing day by day. Rising costs and a decline in deal activity have also affected large consulting firms.
Deloitte also announced that it will begin layoffs today, four days after Ernst & Young (EY) announced that it would lay off approximately 3,000 of its employees in the United States due to “overcapacity”.
DELIOTTE WILL LAY 1200 EMPLOYEES
Deloitte, one of the world’s leading companies providing accounting, auditing, tax and management consultancy services, announced that it will lay off approximately 1.5 percent of its workforce in the United States, or 1200 people.
Layoffs at Deloitte were said to be higher in areas such as financial consulting, which were affected by the decline in M&A activity.
A Deloitte spokesperson said in a statement, “Our U.S. businesses continue to experience strong customer demand. “As growth in certain apps moderates, we take modest staff actions as needed.”
LAUNCHES WERE LARGER AT EY AND KPMG
Earlier this week, EY announced that it would lay off 5 percent of its US employees, or 3,000 of its employees.
In the statement made by EY USA, it was stated that the decision was taken after evaluating the effects of the current economic conditions, the high rate of not being able to distribute profits and the “overcapacity” seen in some parts of the company.
KMPG announced in February that it would lay off 700 employees, about two percent of its employees in the United States, and about 200 in Australia.
Carl Carande, KPMG’s vice president of consulting business, said in a statement that the decision was taken “as the company needs to better align its workforce with current and expected demand in the market.”
On the other hand, global consulting firm McKinsey & Co reported in February that it plans to lay off about 2,000 people in one of the biggest layoffs.
TECHNOLOGY COMPANIES WERE LEARNING
While rising inflation and a possible recession caused concerns, many technology companies, especially in the USA, started to decide to lay off thousands of people or suspend new hires as of last year.
It was noteworthy that among these companies, leading companies in the technology sector such as Meta, Amazon, Microsoft and Google’s parent company Alphabet.