Deloitte has revealed that hundreds of its equity partners were paid in excess of £1 million during the year to May, just weeks after the company announced job cuts.
Some 640 UK partners gained an average of £1.1 million as revenue climbed 14% to £5.6 billion, alongside distributable operating profit up 6% to £756 million, the accountancy firm reported.
Deloitte had announced the layoffs of some 3% of its UK workforce earlier in September, equating to around 800 roles.
A slowdown in growth and economic uncertainty had been cited as reasons for the sackings at the time.
“Markets are expected to remain challenging and, like any responsible business, we have adjusted our plans in response,” chief executive Richard Houston said on Tuesday.
“Looking ahead, the UK faces a challenging year, with ongoing cost of living concerns, slow economic growth, rising geopolitical tensions and the climate crisis.”
Buoyant markets early on in the year drove growth, the big four firm added, though these had slowed during the second half, weighing into advisory operations.