Thread regarding Deloitte layoffs

I am about to start crying

Partners at Deloitte are in line for a 17 per cent pay cut after revenue growth slowed during the Covid-19 pandemic.

The 709 equity partners of Deloitte’s British arm will receive an average payment of £731,000 for the year to the end of May 2020, down from a record £882,000 in the previous financial year.

Equity partners take a share of profits instead of a salary. The firm’s distributable profit was £518 million, down 16 per cent on the £617 million previously.

The fall in profits came as the firm reported a 9.1 per cent increase in revenue to £4.3 billion.

| 4874 views | | 2 replies (last November 18, 2020)
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Isn't it a pity.
All that dirty laundry.

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