Big four layoffs

Based on the most helpful WSO content, it appears that Deloitte is planning to lay off about 5% of its workforce. This is in addition to the usual 2% performance-based attrition. The layoffs have already started, but the majority of them are expected to occur in mid-June and July. Even first-year analysts are not exempt from these layoffs. Deloitte's fiscal year ends on 5/31, which may be a factor in the timing of these layoffs. Tech implementation projects are being particularly affected. Despite these layoffs, Deloitte may be in a better position than other Big 4 firms due to its strong federal presence.

As for PwC, there have been rumors of another round of layoffs. Over the last 3 years, PwC Advisory had budgeted growth of 30%, 30%, and 20%. They managed to hit the two 30% targets, but came in at 12% for FYE June 30, 2016.

There's also been talk about potential layoffs at Barclays Investment Banking, but no specific details were provided in the context.

Lastly, there's speculation about banks in London potentially halving their workforce due to Brexit. This could potentially impact a large number of jobs.

Please note that these are all based on discussions and rumors on Wall Street Oasis and may not reflect the most current situation.

Sources: Deloitte Consulting layoffs? Any details, You Best Not Miss | The Daily Peel | 10/20/22, Another round of layoffs at PwC..., Could the banks halve their London work force due to Brexit?, Layoffs at Deloitte