Reports in the British media have indicated that Big Four firm Deloitte has commenced secret talks mooting the sale of its UK restructuring division, even as the coronavirus pandemic looks set to see its profitability surge. The news comes shortly after Deloitte announced thousands of job cuts across its international organisation, as it looks to cut its spending to compensate for a fall in revenues.
The consulting industry is set to be worth around 18% less at end of 2020 than the start, thanks to a collapse in demand from clients looking to tighten their belts in response to the global recession brought on by Covid-19. While the generalist portfolios of the worlds four largest professional services firms Deloitte, PwC,EY and KPMG ar…
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