That would equate to more than 100 partners in consulting and over 30 partners in strategy and transactions at both junior and senior levels. EY began to inform affected partners last week, with notifications expected to continue this week, the people said. Some U.S. partners tend to be cut annually over unsatisfactory performance, but the cuts under way are larger than usual, the people said. EY and other accounting and consulting firms are dealing with slowing revenue growth, leading several of them to pare their ranks. It also deferred start dates for some new hires in certain areas, a spokesman for the U.S. unit said.

Source: Wall Street Journal December 12, 2023 12:03 UTC