Accountancy

EY has ‘no plans’ to cut UK jobs after US firm wields the axe

EY is cutting 3,000 jobs in the US, but UK arm says it will not follow suit

EY last week called time on plans to split the firm between audit and consulting, and is now looking to cut costs
EY last week called time on plans to split the firm between audit and consulting, and is now looking to cut costs Photo: Jakub Porzycki/Getty Images

EY UK said it has no plans to cut jobs after the firm's US arm announced it was cutting 3,000 members of staff.

The US firm said on 17 April that it would cut approximately 3,000 roles, blaming economic conditions, strong employee retention rates and overcapacity in parts of its business.

WSJ Logo