EY just assured that there won’t be any workforce reduction. Also no performance bonus this year. How do you feel? (Me: I am proud that we always put people first)

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I’m very glad we’re taking care of our people. Better to keep jobs than to have a bonus.

likehelpful

True that

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Proud to be a part of EY

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proud to be a part of EY

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I guess that’s better than lay-off. Wonder if Deloitte will follow suits.

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👏 to EY’s leadership for being transparent/straightforward and addressing the issue that’s on everyone’s mind

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Can't imagine what that must be like

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Hope KPMG will follow the lead

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Joining EY soon, so it’s a relief ...

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It's nice that EY is putting 'people' first, but the top performers who worked their butts off this year for a bonus may feel differently.

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Agree

Are y’all hiring? Please

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Bain 1: yes. For those in the process of separation from the firm, they put a pause on it. Bc it "would be inhumane to our ppl out of job" rn. Very proud of EY leadership.

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It depends when your performance year ends. For us, it just ended in March. If we don’t get bonuses for the past year work (which Deloitte already cashed in on) I’m sure many folks will be very disappointed. I understand if for the work to be done this year, perhaps bonuses will be impacted.

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You forgot one of the best parts. She flat out said we’re going to rely on medical information on making our decisions to travel/not travel. Also any kind of BS racism is not tolerated and not who we are etc. she really minced no words and was clearly responding to some of our idiot government comments. I’m new to EY, but if the above and no layoffs holds true, they’ll have my loyalty for a very long time.

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Did they say no workforce reduction “this year” or no workforce reduction at all?

EY’s fiscal year ends in September, so any layoffs would likely be after that anyway. We don’t even know how much this will impact our business yet.

likesmart

To be honest at this point all I care that my firm stressed the fact that we think people first and putting our wellbeing first. If shit goes down post September, it does. But hope things get better soon for us and rest of the companies heavily affected.

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It's a nice gesture but I think this is going to get worse before it gets better, and all companies are going to have to at least consider layoffs or furloughs. But definitely more than willing to sacrifice this year's AIP if it means people can keep their jobs.

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US all hands webcast going on literally right now

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There is hope for humanity..maybe this is the crack in the machine and business can start recognizing it’s not all about the bottom line return to shareholders....

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So Accenture is not in a good shape then? As in publicly traded?

Not anymore...

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That doesn’t seem like a change from the original in my opinion. If EY is going to raise performance standards, they’ll do it regardless. This just means those who would be on the chopping block no matter what get a few months reprieve.

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When?

Does it also apply those who would have been counselled out because of poor performance?

Wouldn’t counseled out mean they are not with the company anymore?

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