Overhiring in some areas has led consultancies to make job cuts, recruiters and analysts say.
The warning only added to a sense of gloom about the prospects of the big four accountancy firms, three of which are planning at least some job losses and redeployments in Britain.
That means the cuts might not – so far at least – spell the start of a period of prolonged doom, experts said. “The UK is definitely behind other areas – quite significantly compared with, say, the Middle East,” Mr Errington-Thomas said. Richard Houston, chief executive of Deloitte UK, also stressed when announcing the planned redundancies that it was undertaking a “targeted restructuring”. The firm will mainly target jobs in consulting and its financial advisory and risk advisory businesses.
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