EY poised to cull more than 100 jobs as consulting downturn claims further roles

Simone Grogan
The Nightly
The round of redundancies comes just weeks after Deloitte announced it had made a “small number” of its own.
The round of redundancies comes just weeks after Deloitte announced it had made a “small number” of its own. Credit: bloomberg/bloomberg

Big Four accounting firm Ernst & Young is gearing up to cut more than 100 jobs from its consulting and advisory division.

Such a decision would be in line with a similar move from Deloitte last month and follows a broader downturn in demand for consulting and advisory services.

A spokesman for EY said its first priority would be to “communicate with impacted people in our business before updating stakeholders more broadly”.

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“We have not communicated any workforce changes with our people and will update the media if this occurs,” he said.

The West Australian understands only a small number of roles would be impacted in WA and that the cuts will mainly be in the firm’s consulting and advisory arms. EY’s WA branch is spearheaded by Fiona Drummond.

The round of redundancies comes just weeks after Deloitte announced it had made a “small number” of its own job cuts across the firm’s national operations.

The 100-plus job cuts at EY would add to the tally of about 230 that reportedly took place at the firm in November last year.

Fellow professional services firm PwC dished out about 400 redundancies at the start of March following a post-tax leaks scandal review.

PwC’s governance shortcomings that surfaced in 2023 have since cast a long shadow over Australia’s professionals services sector. The firm was eviscerated by a Senate inquiry, which lashed its leadership and culture.

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