Posted 12/12/2023, 2:52:00 PM
Ernst & Young Lays Off Over 130 US Partners Amid Revenue Decline
- Ernst & Young is laying off dozens of partners in its US offices amid declining revenues.
- The layoffs will affect over 130 junior- and senior-level staffers in the advisory side.
- The moves impact over 10% of partners in consulting and 4% in strategy and transactions.
- In April, EY shed 5% of its US workforce, affecting around 3,000 employees.
- The layoffs come during a transitional time as EY recently named Janet Truncale as its next CEO.