EY to cut 30 partners in UK consulting division

EY plans to cut 30 partners, marking one of its largest reductions in decades. This decision comes as the firm faces a slowdown in demand for professional services following the pandemic. The cuts will primarily affect the consulting division. Anna Anthony, managing partner for the UK and Ireland, informed partners of the layoffs earlier this month. EY employs 20,000 people in the UK and offers various services, including auditing, corporate advisory, and tax advice. The firm operates under a partnership structure with 894 equity partners.