Deloitte UK Is Cutting some Bonuses and Promoting Fewer Staff After Falling Short of Targets

Deloitte UK is cutting some bonuses and promoting fewer staff after falling short of targets

Deloitte UK is reducing some bonuses.Peter Dazeley via Getty ImagesStaff in one of Deloitte's four UK divisions will get lower bonuses after missing profit targets.The firm will also promote fewer staff this year, according to an internal email seen by BI.The promotions move was demotivating and has "dampened" the office mood, a Deloitte employee said.Deloitte told employees in one of its UK consulting divisions to expect lower annual bonuses fo…

Deloitte to establish four technology centres across UK

Deloitte UK is set to establish four new technology delivery centres, aiming to offer advanced technology solutions to clients across the UK. These centres, forming part of Deloitte’s Technology & Transformation business, will start operations on 1 June 2025 in Belfast, Cardiff, Manchester, and Newcastle. Initially, these centres will consolidate 750 of Deloitte’s technologists to develop and implement technology solutions tailored to the dynami…

Deloitte UK staff bonuses to be determined by 2025 performance

The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue

Deloitte UK financial performance to impact staff bonuses

UK staff bonuses at Deloitte will take the firm’s 2025 performance in each of its arms into account after it was reported the firm is already running behind. The firm’s revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue. According to a memo reported by the Financial Times, UK senior partner Richard Houston tol…