Ernst & Young will cut about 100 staff from its consulting arm due to a sustained slowdown in the advisory market.
The cuts represent about 1 per cent of its 7000-strong workforce. The move comes after EY’s non-partner headcount fell by almost 500 last year and average partner profits fell by 15 per cent to $793,000.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
Lucy Slade is The Australian Financial Review's breaking news reporter.
