Global wave of consultancy layoffs has not hit Singapore

LAYOFFS have swept through global consultancy and professional services companies, but the wave has spared Singapore so far, with big players in the Republic noting continued demand for their services.

Since 2023, the industry has been plagued by a rash of job cuts worldwide. After rounds of layoffs last year, Big Four firms are seeing more.

Last month, PwC Australia said it would make over 300 roles redundant. In February, it was reported that Deloitte was set to slash 100 more jobs in the UK. Ernst & Young is now reportedly weighing further cuts in Oceania. Outside the Big Four, McKinsey & Co began global headcount reductions last month.

Firms attributed their cuts to a slowdown in client demand amid economic headwinds. The layoffs also foll…