Deloitte to cut business units to four from five: The Financial Times

| Deloitte has launched the biggest overhaul of its global operations in a decade as the big four firm seeks to cut costs and reduce the organisation’s complexity in the face of an expected market slowdown.

In an email sent to Deloitte’s partners on Monday, Mr Ucuzoglu said the plan would reduce the firm’s “complexity” and “free up” more of them to work with clients rather than manage staff internally. Deloitte employs about 455,000 people globally. The move by Mr Ucuzoglu comes after he last year rejected the possibility of separating its audit and consulting businesses and publicly dismissed the logic of doing so. Rival EY spent more than a year trying to engineer a break-up of the firm before abandoning the attempt in April last year.

Deloitte’s consulting, financial advisory and risk advisory divisions will be brought into two newly created business units: strategy, risk and transactions; and technology and transformation.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How AGL chief executive Damien Nicks went from Deloitte auditor to helming the Australian power companyBecoming a CEO was never a goal that drove Damien Nicks’ career, but when the energy company hit its lowest point, he knew it was the right time to step up.
Source: FinancialReview - 🏆 2. / 90 Read more »

Australian Financial Review Business Summit: Why inflation and rates are set to ‘rebound higher’Expect interest rates to fall, but don’t expect them to stay there. That’s the big picture view of macro experts at the AFR Business Summit.
Source: FinancialReview - 🏆 2. / 90 Read more »

Financial Review Business Summit: Strong leaders should be assertive, forward-thinkingLucinda Holdforth and NIB CEO Mark Fitzgibbon tell the AFR Business Summit leaders should be assertive and have clear goals for the future; Holdforth warns companies against being too political. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »