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EY cuts 3,000 jobs in US

EY cuts 3,000 jobs in US

EY Company Building

The company is reeling from the downturn in the consulting business.

(Photo: Reuters)

Dusseldorf Audit and consulting firm EY has announced extensive job cuts in the US. The company said it had taken the “difficult decision” to cut a good 3,000 jobs. EY justified the move to greater efficiency in several areas. It should have special advisory sections.

The cut comes a week after EY halted plans to break up the group globally. The company wanted to make the entire consulting business an independent entity. But internal differences about the details of partition were so great, especially in America, that no agreement could be reached between the partners.

EY underlined that the announced job cuts were not a reaction to the failure of the spin-off plans. This is a result of the extremely difficult current economic conditions, which are also affecting EY.

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