EY has told staff it will cut 3,000 jobs in the US to eliminate “overcapacity”, with the axe falling mainly on the consulting side of the firm.
The redundancies account for about 5 per cent of EY’s US workforce, although the percentage reductions will be higher in the affected businesses.
The cuts were announced less than a week after the collapse of a plan to spin off EY’s global consulting business into a new company, codenamed Project Everest.
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