Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units.
The layoffs will affect around 3,000 of the company’s U.S. employees.
The decision was taken after assessing the impact of current economic conditions, strong employee retention rates and “overcapacity” in parts of the company, EY U.S. said.
Not many more details out yet, we’ll keep you posted.
Editor’s note: Caleb is at some Si Se Puede rally with other pissed off Big 4 expatriates or something so I’m forced to bring you this news. Surely he’ll return shortly to continue keeping E&Y’s “Internet Reputation Team” in a job.
Earlier today, Caleb posted a pretty awful Ernst & Young sing-a-long that I unfortunately did not get to watch before it was pulled by – well duh – E&Y. Hope you saw it while it was up, I’m sure it was fabulously lame.
I don’t watch Glee. Hell, I don’t even have TV. I did flip through the GQ spread with Lea Michelle and Dianna Agron but otherwise, I’m completely unfamiliar with any of the characters on the show. ANYWAY, I hear it’s popular. It’s so popular that regular people want to be characters on the show as overblown versions of themselves and are submitting auditions for a chance to do so. One of these regular people is Nick DeSanto, an auditor at Ernst & Young.
More about Nick – he worked for a couple of years at McGladrey before joining E&Y’s FSO Media & Entertainment group, where he’s been for about a year. We spoke to him over email and by phone (he “visit[s] GC almost every day”) and that this audition is his first stab at breaking into showbiz. Can you imagine if he had been involved with the In a JIT project? His singing career would already be on the fast track, winning Tonys and such.
So go over and support him at his Glee Audition page by liking his page if you feel so inclined. And even if you don’t feel the urge, go and like/vote for him anyway. Just because your dreams won’t come true, doesn’t mean you can’t support someone who’s trying to do something to achieve theirs.
And that something is … cricket. Ernst & Young (EY) Oman has won the Auditors […]
7 thoughts on “EY US Just Fired 3000 People, Totally Not Related to Everest Falling Apart”
PCAOB 2022 Annual Report, page 5.
This is a map of the PCAOB’s 10 US offices.
One is in Dallas, TX.
No Texas contacts?
Really?
Reading all of these stories generates a vivid sense of deja vu.
Braxton, anyone?
Have any EY insiders got any comments? I can believe EY staffers are happy with the situation.
No layoffs in assurance (includes accounting advisory) or tax. Guessing most people that read this site are in these groups.
Don’t know how reliable this is but I saw Consulting, Strategy and Transactions, People Advisory Services, and Core Business Services were mentioned in the all hands call. Heard assurance is safe so that tracks.
Have any EY insiders got any comments? I can’t believe EY staffers are happy with the situation.
EY does management consulting?
HAHAHAHAHAHAHAHAHA
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PCAOB 2022 Annual Report, page 5.
This is a map of the PCAOB’s 10 US offices.
One is in Dallas, TX.
No Texas contacts?
Really?
Reading all of these stories generates a vivid sense of deja vu.
Braxton, anyone?
Have any EY insiders got any comments? I can believe EY staffers are happy with the situation.
No layoffs in assurance (includes accounting advisory) or tax. Guessing most people that read this site are in these groups.
Don’t know how reliable this is but I saw Consulting, Strategy and Transactions, People Advisory Services, and Core Business Services were mentioned in the all hands call. Heard assurance is safe so that tracks.
Have any EY insiders got any comments? I can’t believe EY staffers are happy with the situation.
EY does management consulting?
HAHAHAHAHAHAHAHAHA