© Reuters. SUBMIT PICTURE: Workplaces of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Image
( Reuters) -Deloitte is preparing to cut more than 800 tasks in the UK, a source informed Reuters on Wednesday.
The business is proposing some targeted restructuring that would lead to the decrease of 3% of its labor force of 27,000 in the UK, an individual acquainted with the matter informed Reuters.
The relocation comes as Deloitte, among the “Big 4” accounting companies, prepares to concentrate on cost-cutting due to the downturn in the 2nd half of the existing fiscal year as customers are being more careful in their costs, the individual stated.
A variety of organizations have actually lowered their labor force in current times preparing for a most likely financial downturn later on in the year.
In April, the Financial Times reported that Deloitte would slash around 1,200 tasks or 1.5% of its U.S. labor force. That was followed by KPMG’s statement of laying off 5% of its labor force in June.
Deloitte, KPMG, EY and PricewaterhouseCoopers (PwC) comprise the Big 4 of accounting companies.