5 mins read

Mood ‘dampened’ | As Deloitte moves to slash bonuses & promotions… how can HR protect morale?

HR Grapevine
HR Grapevine | Executive Grapevine International Ltd
Deloitte logo on office building
Deloitte logo on office building

Deloitte UK is set to slash bonuses, promote fewer staff, and scale back hiring plans after failing to hit financial targets.

In a company-wide email sent on Tuesday, CEO and Senior Partner Richard Houston informed employees in Deloitte's technology & transformation consulting division that they would only earn an average of 80% of their annual bonuses. As first reported by The Financial Times, partners in the division will also have their yearly reward trimmed.

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