Deloitte Australia cuts 170 jobs amid outsourcing shift

Full story: https://grafa.com/en/news/australia/deloitte-australia-cuts-170-jobs-amid-outsourcing-shift

Deloitte cut about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.
The firm generated $2.55 billion in revenue during the 2025–26 period as tax, legal, and technology work offset advisory declines.
The company stated that the strategy aims to triple its managed services division to reach $1 billion in revenue by 2030.

Deloitte has axed about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.

The redundancies represent about 2% of the firm's roughly 11,000 non-partner workforce across Australia.

A spokeswoman for the firm stated that the move was due to a sustained shift in client demand.

"Like all businesses, we regularly review our workforce needs and have taken considered action where there has been a sustained shift in client demand," said Deloitte spokeswoman.

The firm generated $2.55 billion in revenue during the 2025–26 period as increased tax, legal, and technology work offset declines in audit and deals.

The cuts reflect a broader industry push by major accounting firms to capture stable, recurring revenues from managed services.

Firms across the sector face a difficult advisory market due to declining demand from ethical scandals and artificial intelligence automation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":619927006749280,"tweetId":"619927006749280","gmtCreate":1792380080944,"gmtModify":1792380087540,"author":{"id":4169784042383112,"idStr":"4169784042383112","authorId":4169784042383112,"authorIdStr":"4169784042383112","name":"Grafa","avatar":"https://community-static.tradeup.com/news/ec1614006170d0aa3182195a94e8944d","vip":2,"userType":2,"introduction":"Grafa generates AI-driven data, news and analysis about NYSE, Nasdaq and ASX stocks","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":256,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/9ecdeb3613ac095eca2d4f5a8dd507bf","width":"1920","height":"1080"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/9ecdeb3613ac095eca2d4f5a8dd507bf","width":"1920","height":"1080"}],"title":"Deloitte Australia cuts 170 jobs amid outsourcing shift","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9ecdeb3613ac095eca2d4f5a8dd507bf\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>Full story: https://grafa.com/en/news/australia/deloitte-australia-cuts-170-jobs-amid-outsourcing-shift</p>\n<ul>\n <li>\n  <p>Deloitte cut about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.</p></li>\n <li>\n  <p>The firm generated $2.55 billion in revenue during the 2025–26 period as tax, legal, and technology work offset advisory declines.</p></li>\n <li>\n  <p>The company stated that the strategy aims to triple its managed services division to reach $1 billion in revenue by 2030.</p></li>\n</ul>\n<p style=\"text-align: start;\">Deloitte has axed about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.</p>\n<p style=\"text-align: start;\">The redundancies represent about 2% of the firm's roughly 11,000 non-partner workforce across Australia.</p>\n<p style=\"text-align: start;\">A spokeswoman for the firm stated that the move was due to a sustained shift in client demand.</p>\n<p style=\"text-align: start;\">\"Like all businesses, we regularly review our workforce needs and have taken considered action where there has been a sustained shift in client demand,\" said Deloitte spokeswoman.</p>\n<p style=\"text-align: start;\">The firm generated $2.55 billion in revenue during the 2025–26 period as increased tax, legal, and technology work offset declines in audit and deals.</p>\n<p style=\"text-align: start;\">The cuts reflect a broader industry push by major accounting firms to capture stable, recurring revenues from managed services.</p>\n<p style=\"text-align: start;\">Firms across the sector face a difficult advisory market due to declining demand from ethical scandals and artificial intelligence automation.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9ecdeb3613ac095eca2d4f5a8dd507bf\" tg-width=\"1920\" tg-height=\"1080\"></p>\n<p>Full story: https://grafa.com/en/news/australia/deloitte-australia-cuts-170-jobs-amid-outsourcing-shift</p>\n<ul>\n <li>\n  <p>Deloitte cut about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.</p></li>\n <li>\n  <p>The firm generated $2.55 billion in revenue during the 2025–26 period as tax, legal, and technology work offset advisory declines.</p></li>\n <li>\n  <p>The company stated that the strategy aims to triple its managed services division to reach $1 billion in revenue by 2030.</p></li>\n</ul>\n<p style=\"text-align: start;\">Deloitte has axed about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division.</p>\n<p style=\"text-align: start;\">The redundancies represent about 2% of the firm's roughly 11,000 non-partner workforce across Australia.</p>\n<p style=\"text-align: start;\">A spokeswoman for the firm stated that the move was due to a sustained shift in client demand.</p>\n<p style=\"text-align: start;\">\"Like all businesses, we regularly review our workforce needs and have taken considered action where there has been a sustained shift in client demand,\" said Deloitte spokeswoman.</p>\n<p style=\"text-align: start;\">The firm generated $2.55 billion in revenue during the 2025–26 period as increased tax, legal, and technology work offset declines in audit and deals.</p>\n<p style=\"text-align: start;\">The cuts reflect a broader industry push by major accounting firms to capture stable, recurring revenues from managed services.</p>\n<p style=\"text-align: start;\">Firms across the sector face a difficult advisory market due to declining demand from ethical scandals and artificial intelligence automation.</p></body></html>","text":"Full story: https://grafa.com/en/news/australia/deloitte-australia-cuts-170-jobs-amid-outsourcing-shift Deloitte cut about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division. The firm generated $2.55 billion in revenue during the 2025–26 period as tax, legal, and technology work offset advisory declines. The company stated that the strategy aims to triple its managed services division to reach $1 billion in revenue by 2030. Deloitte has axed about 170 Australian jobs while planning to hire more than 500 professionals for its outsourcing division. The redundancies represent about 2% of the firm's roughly 11,000 non-partner workforce across Australia. A spokeswoman for the firm stated that the move was due to a sustained shift in client demand. \"Like all businesses, we regularly review our workforce needs and have taken considered action where there has been a sustained shift in client demand,\" said Deloitte spokeswoman. The firm generated $2.55 billion in revenue during the 2025–26 period as increased tax, legal, and technology work offset declines in audit and deals. The cuts reflect a broader industry push by major accounting firms to capture stable, recurring revenues from managed services. Firms across the sector face a difficult advisory market due to declining demand from ethical scandals and artificial intelligence automation.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/619927006749280","repostId":0,"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1201,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/619927006749280"}