SYDNEY: The Australian unit of global accounting firm Deloitte Touche Tohmatsu Ltd said on Monday it will shed 7% of its workforce, joining a host of high-profile companies to slash costs amid a revenue downturn brought about by the Covid-19 coronavirus.
Deloitte Australia in a statement said revenue fell 19% in May from the same month a year earlier, blaming a government-ordered shutdown of most travel and public activity, and that it expects the downturn to last until later in the year.
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