Posted 12/12/2023, 11:53:33 AM
EY Lays Off Over 100 Consulting Partners Amid Slowing Demand and Growth
- EY is laying off over 100 partners in consulting and 30 in strategy/transactions in the U.S., more than usual
- Cuts follow letting go 3,000 U.S. employees in April amid slowing growth
- Consulting demand weakening with economy; audit steadier business
- Revenue from Americas up 12% last year, slower than 19% prior year
- Comes after failed plan to split audit/consulting arms; new chair to lead move beyond