EY Implements Layoffs and Job Delays in Response to Economic Challenges
Ernst & Young (EY) is implementing deeper partner cuts than usual, laying off dozens of partners across all U.S. businesses, as the Big Four accounting firm faces slowing demand for certain services and aims to reduce costs following its failed plan to break up the firm. The cuts primarily target the advisory side of the U.S. operation, affecting over 10% of partners in consulting and about 4% in strategy and transactions, with some impact on the audit and tax arms as well.
