According to the Financial Times, some 500 employees working at offices across Gatwick, Liverpool, Nottingham and Southampton will be offered “full-time remote working”, with Deloitte’s property advisors “continually reviewing” the rest of its real estate portfolio.
It follows news announced earlier this month by the big-four firm that partners would see a 17% pay cut, despite the group’s revenue growing by almost a tenth.
At the time, The FT said the salary reduction was a result of the firm being “unable to cut costs fast enough in response to coronavirus disruption”, Deloitte also reported distributable profit for the year ending 31 May 2020 was £518m, falling 16% from £617m the year before.
The news outlet reported that the accountancy firm is one of the first large UK companies to terminate the lease on a number of its properties as a result of many employees making the move to remote working during the pandemic.
Stephen Griggs, Deloitte’s UK managing partner, told the FT: “Covid-19 has fast-tracked our future of work programme, leading us to review our real estate portfolio and how we use our offices across the UK, including London.
“[All employees at the four offices that are closing] will continue to be employed by Deloitte and any proposed change is to our ‘bricks and mortar’, not our presence in these regions.”