EY initiates unprecedented partner layoffs amidst industry slowdown

EY implements significant partner layoffs in US amid streamlining efforts & reduced demand for services

Ernst & Young (EY) is undergoing significant partner layoffs in various U.S. business segments as it strives to streamline operations following the abandonment of its division plan. The cuts, reported by the Wall Street Journal, primarily affect the advisory sector, impacting over 10% of consulting partners and around 4% in strategy and transactions.

Ernst & Young lays off dozens of partners in its US division

Ernst & Young is laying off dozens of partners in its US offices amid declining revenues in the accounting sector.

Ernst & Young Laying Off Dozens of Partners After Failed Break-up Plan

The cuts could affect a total of more than 130 junior- and senior-level partners at the firm's US arm

WSJ News Exclusive | EY Is Laying Off U.S. Partners Amid Tough Economic Conditions

The Big Four accounting firm previously cut 3,000 U.S. workers in April, similar to moves at other professional-services firms

EY’s Hong Kong Law Practice to Shut Down in January

Ernst & Young LLP’s legal affiliate in Hong Kong is shuttering next month, according to the head of the local practice.