Deloitte to cut 1,200 jobs in U.S. amid slowdown in consulting

Deloitte plans to cut about 1,200 jobs in the U.S., or roughly 1.4% of its workforce there, responding to a slowdown in the consulting business that has created uncertainty among current and prospective employees.

“Our U.S. businesses continue to experience strong client demand,” Jonathan Gandal, a Deloitte managing director, said by email. “As growth in select practices moderates, we are taking modest personnel actions where necessary.” He declined to say where growth was slowing. Deloitte’s U.S. head count grew 25% to more than 86,000 last year, according to a company report. The job cuts are less deep than those made by some of Deloitte’s rivals in the professionalservices field. KPMG said in February that it was laying off less than 2% of its U.S. workforce, Accenture is slashing 2.5% of its overall staff and Ernst & Young said that 5% of its U.S. workers would lose their jobs. McKinsey is also reducing head count by about 2,000 jobs, one of its biggest culls ever.