Deloitte to lay off 1,200 employees in the US: Report

Deloitte will lay off 1,200 jobs or 1.5% of its US workforce, the Financial Times reported. The layoffs at the auditing firm will be higher in areas such as the financial advisory business, the report added. Earlier this week, Deloitte's rival Ernst & Young said it was shedding 5% of the workforce at its US arm.