According to the reports of Business Today, an international professional services company, Deloitte will sack around 1,200 jobs or 1.5% of its U.S. workforce.
Deloitte said in an emailed statement, “Our U.S. businesses continue to experience strong client demand. As growth in select practices moderates, we are taking modest personnel actions where necessary.”
Recently, Deloitte competitor, Ernst & Young (EY) said that it will cut 3,000 Jobs or 5% nearly of its Workforce in the US due to ‘Overcapacity’.
The announcement follows less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units.
Apparently, Major tech companies are laying off employees exponentially due to economic uncertainties. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
Recently, the consulting giant Accenture shocked the industry by announcing plans to trim its workforce by 19,000 globally including India over the next 18 months.
Amazon sacked 27,000 employees in the last three months. Recently, the company announced to layoff of 9000 employees. The major companies that laid off employees include Infosys, Amazon, Google, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
According to trueup, So far in 2023, there have been 812 layoffs at tech companies with 237,887 people impacted (2,124 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people were impacted (667 people per day).
