We’re getting really sick of using this same EY graphic, you guys.
This news was first spotted on NorthJersey.com and confirmed via the New Jersey Department of Labor.
130 EYers in New Jersey will be without a job after Halloween according to a WARN notice filed with the New Jersey Department of Labor. The reason? “Operational inefficiencies” and “underperformance in some service lines.”
This is the first official layoff notice we’ve seen — thanks, New Jersey law that makes employers in the state file these notices — but certainly not the first we’ve heard of layoffs at EY in recent weeks. Last month, EY axed a ton of American executive assistants, reportedly to replace them with Caribbean and South American staff.
As always, dear reader is welcome and encouraged to reach out anonymously via email or text with more info.
This country sucks! THE GOVERNMENT NEEDS TO ALL GO ROT IN A PRISON HOLE! Horrible monsters!
Leave and go to a country that prohibits freedom. We don’t need that attitude in America.
Only corporations have freedom, the rest of us are too poor for choices.
I thought that there was a shortage of accountants/CPAs? Just a joke – moving it all to India! I feel sorry for those going into accounting for a career.
2030 prediction, < 100 US employees…
If someone hates America, they should leave. Go to a third world country for a few weeks and see if you still hate America.
It sucks for 130 people but it’s not even a drop in the bucket for the greatness of America. America is great again!
130 people is a drop in the bucket. The bigger issue is that this is a secular trend in that the headcount will slowly be chipped down to bare bones.
My question is…how do partners still make a yuge amount of money? When I think about skillsets and trends, and technology, how are they not being disrupted?
I know some principals at the Big Four and at second tier firms. For infosec work these “experts” are charged out at $350 an hour to produce powerpoints and reports, but 95% of these experts have never run a backup, never designed a network, never encountered a single security incident, and never run a scan.
How are they staying employed, but even more importantly, WHY ARE COMPANIES PAYING these massive fees for someone who is an accounting firm lifer, and has zero information security experience??
I can tell you that some companies are getting wiser and they are not paying for crap skills.
Not to mention the sheer volume of work being sent overseas. Their plan now is to train new hires to supervise work that they themselves haven’t performed with the firms claiming this is due to AI rather than admitting it’s because nearly entire teams are operating out of India.
How can they continue to justify Big 4 prices? Name recognition and “prestige” can only get them so far.
Clients and potential clients are waking up, B4 bottom lines have been struggling for a couple years now and it’ll only get worse if they keep up the way they have which they will because they don’t know any other way.