October 31, 2020

Let’s All Shed a Tear For Deloitte Partners In the U.K.

Sadly, Deloitte partners are probably going to have to put off buying that new McLaren 720S or Mercedes-Benz S-Class until next year.

The Times reported today:

Partners at Deloitte are in line for a 17 per cent pay cut after revenue growth slowed during the Covid-19 pandemic.

The 709 equity partners of Deloitte’s British arm will receive an average payment of £731,000 for the year to the end of May 2020, down from a record £882,000 in the previous financial year.

Equity partners take a share of profits instead of a salary. The firm’s distributable profit was £518 million, down 16 per cent on the £617 million previously.

The fall in profits came as the firm reported a 9.1 per cent increase in revenue to £4.3 billion.

Partners at Deloitte see pay cut by 17% after revenue slides [The Times]

Related article:

It’s Good Being a Deloitte U.K. Equity Partner These Days

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10 Comments

    1. Such a worst company like Deloitte. Never seen this kind of companies. Compare to Deloitte Accenture is for better removing employees giving 3 months of notice and 7 months pay. But in Deloitte constantly laying off the employees without prior intimation..

    2. Better not choose Deloitte for your Career, small companies are for better than this big bull..please don’t spoil your careers by choosing this.

  1. Must be tough. Maybe spare a thought for the contractors who are working for them. Who have to give back time for toilet breaks whilst working from home. Working for what may seem like a reasonable daily rate, but being treated like the shi$ on the bottom of a shoe. Constantly monitored on screen to make sure you are doing what you are supposed to. Poor Deloitte eh? Breaching human rights, invading personal privacy, mistreating staff and then telling you not to mention them!

  2. One of the worst organization never ever join this organisation this organisation will ruin your career. Startups are better than this.

  3. Deloitte partners voluntarily took a pay cut so that the company didn’t have to lay anyone off in this pandemic. The other comments on this thread are laughable, do they really think that is what goes on at Deloitte?

  4. I have worked in this company for almost 2 years. The Deloitte@Canada is the worst company in my last 7 years. They have ruined my work experience and my knowledge. Director of DMC don’t know how to work, how to manage and how to select employees for the project.

  5. Personally, I’ve worked (by proxy) for worse organisations, however it is abundantly clear that it is a numbers game with Deloitte as they try to please the end client at the expense of quality customer service.

    Whether this is down to Deloitte’s management being fixated on numbers or the client’s perhaps less than realistic targets is far less obvious & trickier to comment on.

    Ultimately, it is the end consumer who suffers even if most the boxes are being ticked.

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