Deloitte is planning to cut 180 jobs across its UK advisory divisions, with staff being told this morning that their positions were at risk of restructuring.

The FT has reported that the firm said the changes were necessary to navigate "challenging market conditions".

The latest round of job cuts come after the professional services firm cut more than 800 positions in September 2023 and over 100 in February this year.

Reports have also indicated that Deloitte has been pushing out workers who it deems to be underperforming, including around 250 advisory staff this autumn.

Sources have told the FT that the latest cuts will affect staff in both the strategy, risk and transactions division and the technology and transformation division.

The job losses are still subject to consultations and currently total less than 1% of Deloitte's UK workforce.

Deloitte recently reported that revenues in its consulting division declined by 1% during the latest financial year, while sales at its financial advisory practice declined by 2%.

Chief executive and UK senior partner, Richard Houston, warned in September that it had to "carefully consider our cost base and make some difficult choices this year".

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