Official EY Layoffs Thread

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EY 4, I'm in the SE Region. Some of the people that got let go were a complete shock. Highly rated, well liked. Others were obvious low hanging fruit, but my staff was/is excellent.

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They increased hiring significantly at the staff level the past few years but didn't increase revenues at the same rate. In order to get a higher number of staff, they took from a lower rung of candidates than they normally would. Two years later your left with folks that need to be cut, so they get rid of the low performers that they probably wouldn't have hired in the first place under normal circumstances.

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Looks like vision 2020 is alive and well

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EY is definitely laying people off. I lost my busy season staff 2 and I'm pissed.

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Can someone just fucking summarize the voicemail goddamn

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Post all that shit here instead of in a million separate posts that clog up the feed. Use this thread to discuss everything EY layoff related.

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^do you not understand how layoffs work? The firm doesn't have the capacity or revenues to support all the staff hired. You're suggesting that the owners of the business take a pay cut in order to keep around excess employees they don't need, so that employees can be utilized at less than 100%. Did you fail your business courses in college?

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EY isn't laying anyone off

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43 in southeast region. Confirmed

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I think it's all audit, staff and seniors. Sending good vibes to anyone who was laid off, y'all are definitely on my mind

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Are these FSO or non-FSO?

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Audit staff 2, good ratings, fully scheduled out for busy season

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^I don't think it's a good strategy to make employees appreciate their jobs.

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Summary of today on Fishbowl: NE and SE regions affected within the last week. Mostly assurance. Raleigh office might close all together. FSO tax lost a major client or something.

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Reason given to me was firm performance was lower than expected and the firm has decided to reduce their workforce - Staff 2

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It's okay. Maybe I will find something better and this is a blessing in disguise.

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Nashville lost 8 - 5 staff and 3 seniors

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What if all these people posting are really just HR trying to make us appreciate our jobs?

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Voicemail for the southeast said 43 people were let go and it was based on objective criteria.

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Any news for central?

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Larsen & Toubro Infotech Hi folks, Please help me which organisation should I go with Citius tech or LTimindtree? As recession is approaching and due to which layoffs are going on as we all know so which one is more safe to join. Please share your thoughts, which will help me to take the decision.
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Got laid off. Got a new offer two weeks later. It’s not remotely what I see myself doing for long. but the team leader is great. I’m in early stages with my dream companies. Not sure what to do.

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Does failing a client drug test -> getting fired from firm?

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How is everyone planning for potential layoffs?

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S&P Global Is it wise to join S&P Global during recession time? Can we consider this company as recession proof. Any history on layoffs in the past ..

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Industry-wide layoffs tomorrow or nah?

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Hello everyone.
I have only 1 offer with me with
15 days remaining of my notice
period.
Ideally I would have joined the
company, but the company is
EPAM.

I have been seeing many posts
here about layoffs.
Can anyone please help me
with a referral?
YOE: 6 years
Tech Stack: Python backend

Note:
Few friends here have helped me with a referral. Though not for all the interview is scheduled, I am very thankful to them.

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Real question: with all the scared people(myself included) in audit and tax with layoffs is advisory the only industry safe? Maybe specifically technology advisory as tech seems to not be slowing down

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I've changed jobs every year for the past 5 years, within the same field; I haven't worked at a place I would consider spending a long time at. I've never been fired or even written up, but the job changes are reflecting as negative when looking for a new job. Any suggestions to get perspective employers to give me a chance?

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How is everyone doing amidst all of the layoffs? The hardest thing about this role is having to lay off employees. 😞

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I have joined CGI 5 months back and my project is going to end on 31st. So what will happen after that? As there are layoffs going on in the market will it affect? I am from mainframes technology and have only 2yrs of exp. Can anyone explain pls? CGI

I was laid off this month from a US-based company where I've been a reporter for the past 3 years or so... I live in Europe. I wonder if I'm likely to have luck with other remote-friendly US companies. Or are we already past that?

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How often do folks at the SM level get asked to leave/fired?

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Will there be any impact in Fidelity Investments due to recession? Will there be any job cuts? Please update.

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I’ve found myself placed in a strategic leadership position despite not having a strategy background due to consistent layoffs. Any tips on how to grow my strategic chops? Books, newsletters?? Help!

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Lots of talk about inflation, layoffs, hiring freezes, pay cuts, and stressful job shifts lately. Does anyone have any advice or encouragement to share for those who have been impacted or fear that they will be soon?

a recent statement from the Onion on the power of their organizing efforts. they don't even have a contract signed yet and successfully negotiated layoffs.

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Hi ! Looking for advice. I’ve been with a company in BC for 2.5 years, started support role, promoted to smb AE a year ago. salary is 65k with uncapped commission. We recently did layoffs, I was kept however there have been changes & meeting quota has become difficult & we have a way heavier workload. The perks are amazing but I need to make more money. Do you think I could get a role with more money with my experience that’s fully remote even in this “recession”..thoughts?

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Anyone else notice a trend with the mass amounts of layoffs in tech? Why are all their resumes so jumpy? Not like 2-5 years jumpy, like few months at a time jumpy? But still can land a position with similar tech giants? IMO, lots of these people get hired by their rich friends, stay a few months before someone realized they aren’t qualified and were just a recommendation from a current employee. Then repeat that process over and over until your company is down 50%

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Hmm.. EY is leading in something at least

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Officially burned out of audit. ✌🏼 Any interesting jobs out there with a 40 hour work week that wouldn’t be too outlandish to move into from audit? Happy with any “unusual” suggestions too.

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Anyone have insight into EY S&O cases? Would love info on how the interview process works, thanks in advance!

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Me after a warm, sunny weekend in Tampa. No, I don't want to go back to cold and rainy.

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I am a mid-level associate at a midsized ID firm in NYC. I have out of state NJ and PA experience, but this ID firm has been the only place I worked since relocating to NYC 4 years ago. I want out

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Hello there, I’m just wonder if anyone of you experienced studying or interview prep anxiety. I’m very chill during learning process but when it comes to deadline stress reduces my ability to generate thoughts. Any ideas how to overcome it?

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Stop comparing success.

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Real question: with all the scared people(myself included) in audit and tax with layoffs is advisory the only industry safe? Maybe specifically technology advisory as tech seems to not be slowing down

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How long does it take from the moment one applies for the CPA, to actually receiving it in NY?

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What's everyone's commute to work like? Mine's a cool 30minutes... any longer and I'd be like 😲🙀

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YouTube search: hitler works in public accounting

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If you ever wondered how much the firm cares about you consider that I found out I passed the CPA yesterday, emailed my whole relationship team and haven't received a response from any of them

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