‘93 Times Workers’ Pay’: Deloitte Chief’s $9.5 Million Package Under Spotlight Amid 1,000 Job Cuts

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  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-10-26T13:58:23+00:00",
  "company": {
    "name": "Deloitte",
    "domain": "deloitte.com"
  },
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    "url": "https://www.timesnownews.com/business-economy/companies/93-times-workers-pay-deloitte-chiefs-9-5-million-package-under-spotlight-amid-1000-job-cuts-article-156410058",
    "title": "‘93 Times Workers’ Pay’: Deloitte Chief’s $9.5 Million Package Under Spotlight Amid 1,000 Job Cuts - Times Now",
    "excerpt": "Deloitte CEO compensation has come into focus after reports that the company is cutting around 1,000 jobs, alongside claims that its chief executive received a pay package worth $9.5 million. The comparison between executive compensation and employee wages has drawn attention to the pay gap, with the headline figure suggesting that the CEO’s remuneration was 93 times workers’ pay. UK Chief Richard Houston reportedly received an over $9 million pay package - a 45% increase - even after the firm eliminated 1,000 UK jobs and reduced profit allocations for new partners under an internal overhaul codenamed 'Project Maple'. According to a report by the Financial Times, company filings show Houston receives a £5.8 million share of profits for the 12 months to May 2026, plus a £1.3 million one-off award tied to strategic and financial targets linked to his work across Deloitte’s wider European operations. Richard Houston leads Deloitte UK from 2019 before being promoted in June. He now heads a new entity overseeing the firm’s operations in 80 countries after a restructuring he spearheads. His total payout makes him the best-paid UK boss among the Big Four, ahead of PwC UK and Middle East chief Marco Amitrano, who is paid £4.8 million in the 12 months to June 2026. The increase lifts Houston’s remuneration to 93 times Deloitte’s median UK employee pay in its latest financial year, up...",
    "summary": "Deloitte eliminated 1,000 UK jobs as part of an internal restructuring.",
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    "headcount": 1000,
    "image_url": "https://images.timesnownews.com/thumb/msid-156410062,thumbsize-2054256,width-1280,height-720,resizemode-75/156410062.jpg",
    "confidence": 0.85,
    "published_at": "2026-10-26T13:58:23Z",
    "location_data": [
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        "region": "Northern Europe",
        "country": "United Kingdom",
        "continent": "Europe",
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    ],
    "article_sentence": "UK Chief Richard Houston reportedly received an over $9 million pay package - a 45% increase - even after the firm eliminated 1,000 UK jobs and reduced profit allocations for new partners under an internal overhaul codenamed 'Project Maple'."
  }
}

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