Tag: job cuts

Deloitte to cut ‘more than 800 jobs in the UK’

The company, one of ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring. It employs 27,000 people across Great Britain and Northern Ireland.

Deloitte is planning to cut more than 800 jobs in the UK, sources say.

The company, one of the ‘big four’ accountancy firms, is considering the move as part of a cost-cutting restructuring.

In a statement to Sky News, Deloitte confirmed some roles were potentially at risk of redundancy, but did not go into specifics.

The proposed job losses represent a 3% cut in the company’s 27,000-strong workforce in the UK, a source told Reuters news agency.

Deloitte chief executive Richard Houston said in a statement: “Today we announced some targeted restructuring across our businesses, which may – subject to consultation – put some roles at risk of redundancy.

“This follows a slowdown in growth, which, combined with the ongoing economic uncertainty, means we have to consider the shape of our business and may mean we have to make some difficult decisions.”

He added: “I fully understand this is an unsettling time for those people affected and we will be doing everything we can to support individuals with care and respect.”

It comes after Deloitte announced in April plans to slash 1,200 jobs in the US.

That was followed by KPMG, another member of the ‘big four’ alongside EY and PwC, which said in June that it would cut 5% of its workforce in the US.

EY also reportedly told workers last month it was preparing to make 150 roles in the UK redundant.

Source: https://news.sky.com/story/deloitte160to-cut-more-than-800-jobs-in-the-uk-12960727

In fresh round of layoffs, edtech giant Byju’s lets go of 100 employees

Last year, Byju’s laid off about 600 at its group companies – WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency

Photo: Bloomberg

Byju’s has handed the pink slip to 100 employees in a fresh round of layoffs, post a performance review. However, according to a media report, the edtech company has sacked about 400 people.

“As part of a periodical performance review, 100 individuals who did not meet expectations after a performance improvement plan, were let go with proper procedures,” said the Byju’s spokesperson.

He added, “Please note, this measure is firmly rooted in performance-based considerations and is not in any way a cost-cutting endeavour.”

Byju’s also said that there are no fresh layoffs in the post-sale division.

“In fact, during the past two months, as part of our commitment to augment this division, Byju’s has recruited 200 new professionals,” said the spokesperson.

Earlier this year, Byju’s handed the pink slip to 900-1,000 employees in a fresh round of layoffs, according to media reports.

However, sources in the company said the move was part of the “optimisation” strategy that the edtech giant had announced last year. This included sacking 2,500 workers.

Last year, Byju’s laid off about 600 at its group companies — WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency.

The new development comes at a time when Byju’s appointed veteran Infosys HR leader Richard Lobo as exclusive advisor to help transform its HR function.

This strategic move underscores Byju’s commitment to fortify its employee-centric culture.

Source: https://www.business-standard.com/companies/news/edtech-giant-byju-s-lets-go-of-employees-as-part-of-a-performance-review-123081800547_1.html

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