November 29, 2020

God, Deloitte Is Still Humblebragging About Its Hiring Numbers

We've grown accustomed to Big 4 people dropping huge hiring numbers in order to get oooohs and ahhhhhs out of media people and Joe Echevarria was on Bloomberg TV today doing more of the same:

Sara Eisen: Are you picking up jobs from Wall Street as Wall Street sheds and shrinks?

Joe E.: Absolutely. We're going to hire about 18,000 people this year.

Tom Keene: That's a great exclusive right there, folks. Deloitte out front. 

Spare me. This has been going on since at least 2010 when Jim Quigley said Deloitte would hire 250,000 people over the next five years. As usual, the 18,000 is meaningless because it doesn't explain what those positions are, what the breakdown between campus recruits and experienced professionals is, or where those jobs will be located. Not to mention the fact that it doesn't take attrition into account.

You can look at Deloitte's own website and determine that the 18k claim isn't to be taken seriously.

This is a table for the U.S. firm and it shows the headcount for the last three years: 

So from 2010 to 2011, Deloitte increased its Professionals headcount by 4,614 and from 2011 to 2012 and increase of 5,056. Last this year, when this is updated, I'd be willing to wager your first born child that the increase will be more or less the same. 

And that's pretty good! It's increase of about 12% I understand that it doesn't quite bring the unbridled enthusiasm of hiring the entire population of a fairly large town in Nebraska, but it's not very useful information.

Deloitte Plans to Hire 18,000 People, CEO Says [Bloomberg]

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