This a post regarding layoffs in EY service line CBS- We were informed about market transformation since September but didn't receive any insider info on how it going to impact across teams. Some of the teams have been receiving official communication about finding a new job outside within 2 months (which is obviously kept confidential between the team member and Partner/HR). Till now EY knowledge area and markets team have been impacted, more updates are soon going to be communicated weekly.

likehelpful
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Thank you for the update.

like

Thanks pal for the update. What does CBS team do? Why lay off?

I'm not sure about risk management team. Moreover we can't pitch these ideas because partner is not informed about the decision. It's coming from the global team. So even top level ones are not having any idea. Plus no one knows the criteria of removing the teams.

They conveniently ignored sharing the updates and growth of EY Knowledge SL in the CS Webcast.

EY Knowledge was moved out from CS to ES in Nov 2023. So no more EYK in CS.

helpful

Bro, are they paid severance?

They have been told to find other jobs within 2 months. Not sure about severance

This is bad! Does this affect development teams who are on bench? Do you know when these layoffs will stop?

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