EY just announced that they will not be paying year-end bonuses due to the current economic climate and uncertainty. Do you think other companies will follow suit?

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thought this was mid-year bonus which is never guaranteed. learn the facts my brother

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Fiscal mid-year. Calender year-end.

OP really out here stirring the pot today

likefunny

What a nice comeback, OP. Haha. But I guess some might follow.

We have a June year-end, and all of us got decent bonuses in August. Dec was our mid-year and always contingent on performance.

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So they will only go to the top execs? Such BS

I believe EYs yearend is in the summer. What they cut was the mid year raises which a lot of firms did the past few years to retain people and keep up with the market. If cost of labor continues to level off I imagine other firms will do this as well

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Ah, that makes more sense and makes me feel a little better....I mean, that sucks for them, but it sounds like it wasn't a normal occurrence to begin with.

So… to rephrase: “EY is operating as normal, which is to be expected. Are any other firms operating normally as well?”

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EY is a 6/30 year-end. This were potential midyear extra bonuses that were not earned and therefore not paid. Don't let the facts get in the way of a good story.

I am so tired of the panicky posts on here disconnected from reality. "AM I GOING TO BE FIRED TOMORROW!?!? HELP THERE’s A DEPRESSION!!!" please get a grip. unemployment remains near historic lows.

we’re in the audit bowl pwc4, not the consulting bowl. maybe you came to the wrong place by mistake?

likefunny

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