EY to cut 3,000 jobs or 5% of its workforce in US due to ‘overcapacity’: Report


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Joining the 'Big Four' consulting firms, global professional services provider Ernst & Young (EY) will slash around 3,000 jobs or 5 per cent of its workforce in the US, the media reported. The job cuts have been announced less than a week after the collapse of a plan to spin off EY's global consulting business into a new company, reports Financial Times.