Deloitte Australia cuts 7% of its workforce

Deloitte Touche Tohomatsu

SYDNEY: The Australian unit of global accounting firm Deloitte Touche Tohmatsu Ltd said yesterday 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 new 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.