"The Big Four professional services firm released annual results on Tuesday, reporting annual revenue of £5.68 billion ($7.6 billion) in the year ending 31 May 2025 - a 1% decline on the previous year. The results include the firm's Switzerland office. Growth at Deloitte UK has slowed in recent years, falling from 14% to 2.4% in its 2024 financial year, but this is the first time revenue has registered a drop since the Great Recession years of 2009 and 2010."
""Geopolitics and continued economic headwinds meant that many organisations have been carefully managing their costs and delaying certain investments," said Richard Houston, the CEO of Deloitte UK and a senior partner. He described the firm's performance as "a robust set of results in a complex market." Deloitte's consulting business contracted 10% to £1.67 billion, or $1.9 billion, which the firm said was caused by clients holding back investments in "large scale change programmes.""
Annual revenue at Deloitte UK fell 1% to £5.68 billion for the year ending 31 May 2025, including the Switzerland office. This marks the first annual decline since 2009–2010 after growth slowed from 14% to 2.4% in 2024. Consulting revenue contracted 10% to £1.67 billion as clients delayed large-scale change programmes. Promotions were cut by 1,300 and 20 fewer partners were appointed year-on-year. Hiring of new colleagues fell from 6,800 to 3,160. The business reorganised divisions, implemented layoffs, and reduced staff travel and expenses by over 50% while partner take-home rose 4%.
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