This thread is to discuss the recent layoffs ensuing virtually across the board. Was this avoidable? How do we feel about how the now-canceled splitting of the company was handled?
EY is starting to layoff employees in the US if your not billable on a project and they need to cut cost to make the numbers.
Someone needs to hear this: It's okay to quit! It's okay for this work culture not to be a good fit. Salary ÷ 52 ÷ average hours worked a week= hourly rate (Is it really worth it? ) No matter how short or long you say with the company... — read more
Four months in and I do not see what is so special about EY. Everyone is working crazy hours in hopes for bonuses and promotions. The higher you go up the ladder to more hours you spend working. Where is the work-life balance? What type of life are... — read more
Should I take that as a good sign?
Our work/life balance has gone to he-l. After months, this is the first time I'll get to spend some quality time with my family for more than one day a week. It's ridiculous how much is expected of us lately. We used to be able to have a life, now... — read more
Has anyone went through the Consultant Development Program for Financial Services at EY? NYC... I’m interested to know the salary range. (2YOE)
Is it unreasonable to ask someone from PT timezone to follow ET hours for 1 month during critical phase of the project? To be specific.. starting 9AM ET. Work day typically gets over at 6p ET or sooner sometimes, and this person makes it such a big... — read more
100' of higher level, older, long time core business services employees were laid off effective today. Many of us are over 50 and had 25+ years of service with retirement in our sights. Just horrible, after being told in December lay offs were over... — read more
EY has eliminated the entire ESS. We where all invited to a town hall. Some were offered early retirement, And the rest have been sold off to another company. With "guaranteed 12 months employment" whatever that means. It just sounds like they want... — read more
He seemed to imply that layoffs would not happen this calendar year (till Dec 31st) but next calendar year (from Jan 1 onward) the current layoff... — read more
Today is my final day after exactly one year as a manager at EY. During my “Performance Discussion” the script that was read said that I was substantially below expectations for my grade. However I had not received any negative feedback, and had not... — read more
https://www.goingconcern.com/layoff-watch-20-apparently-doomsday-for-some-ey/ CPA EXAM CAREER JOBS PARTNERS CORNER OPEN ITEMS LATEST E&Y SEPTEMBER 23, 2020 Layoff Watch ’20: Apparently It’s Doomsday for Some at EY (UPDATE) by JASON... — read more
Integrity and honesty are the foundations of public accounting. With great trust, the public and the Securities and Exchange Commission rely upon the information provided by accounting firms. An accounting firm thus holds substantial responsibilities... — read more
How much longer will clients be willing to pay longtime Partners their $1m-$2m salaries at EY who no longer deliver any value? Time for the good old boys and girls club to be sent packing. It’s the delivery staff who brings value to the clients.The... — read more
I know there'll be more layoffs today, any ideas on when we will be done?
People are getting pulled from revenue-generating projects in a major layoff commencing 9/1/20.
And budgets are being cut
Recently promoted to staff 2 layer off for performance reasons with no documentation.
Last week EY NA started laying off people for non-performance reasons. Heard this directly from HR person in company who is pretty disgusted. First it was newly hired and underperforming partners. (One partner had left PwC just a few months ago to... — read more
Soon layoffs and transfers in Hong Kong
It has started and will happen soon.
No layoffs no cuts to wages but they did a hiring freeze, said not to expect bonuses, are still moving ahead with planned promotions, offered voluntary temporary partially paid leave for families to manage the burdens of virtual remote work and... — read more
Jobs are being moved to offshores? Protecting US citizens employees should be prioritized over employees with work Visas.
EY has suspended all separations until July so we’ve at least got a month before heads start rolling. Unless they change their minds of course. My impression is that they view retention as a good strategy for when the market rebounds. They talk... — read more
Just saying, top heavy...
EY has started to lay-offs as a result of the Covid-19 pandemic. They are offering severance and placement services to help soften the blow.
There is a layoff happening right now, they are laying off partners but they are keeping it hush hush for now. Oh, well... Good old EY...
Do you think there will be layoffs if another Shutdown hits in 3 weeks? How many people will be laid off by E&Y?
Where can I find more info. Thank you for your help.
Anyone heard buzz about layoffs and/or offshoring of Exec Assts in the DC Metro area?
Where can I find this info on career levels. USA only.